Internet of Things (CVE:ITT) Trading Down 50%

Internet of Things Inc (CVE:ITT) shares fell 50% during mid-day trading on Thursday . The company traded as low as C$0.01 and last traded at C$0.01, 154,000 shares were traded during mid-day trading. A decline of 28% from the average session volume of 212,594 shares. The stock had previously closed at C$0.01.

The stock has a 50-day simple moving average of C$0.01 and a 200-day simple moving average of C$0.02. The company has a market capitalization of $1.03 million and a price-to-earnings ratio of -0.45. The company has a current ratio of 0.13, a quick ratio of 0.08 and a debt-to-equity ratio of 104.39.

Internet of Things Company Profile (CVE:ITT)

Internet of Things Inc operates as an Internet of Things (IoT) technology accelerator and industry acquisition company. The company focuses on accelerating IoT-based technology companies, and the development and implementation of disruptive IoT-based solutions. The company was formerly known as HTN, Inc and changed its name to Internet of Things Inc in January 2015.

Further Reading: Recession

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