Inspira Technologies Oxy B.H.N. (NASDAQ:IINN) Stock Price Down 1% – Time to Sell?

Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ:IINN) shares were down 1% during trading on Thursday . The stock traded as low as $0.95 and last traded at $1.00. Approximately 112,333 shares traded hands during trading, an increase of 24% from the average daily volume of 90,267 shares. The stock had previously closed at $1.01.

Inspira Technologies Oxy B.H.N. Price Performance

The stock has a 50 day simple moving average of $1.20 and a two-hundred day simple moving average of $1.21. The company has a quick ratio of 2.13, a current ratio of 2.23 and a debt-to-equity ratio of 0.09.

Institutional Investors Weigh In On Inspira Technologies Oxy B.H.N.

A hedge fund recently bought a new stake in Inspira Technologies Oxy B.H.N. stock. Renaissance Technologies LLC acquired a new stake in shares of Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ:IINN) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 24,497 shares of the company’s stock, valued at approximately $34,000. Renaissance Technologies LLC owned about 0.19% of Inspira Technologies Oxy B.H.N. as of its most recent SEC filing. 12.72% of the stock is currently owned by institutional investors and hedge funds.

About Inspira Technologies Oxy B.H.N.

Inspira Technologies Oxy B.H.N. Ltd., a specialty medical device company, engages in the research, development, manufacture, and marketing of respiratory support technology to provide an alternative to invasive mechanical ventilation for the treatment of acute respiratory failure. Its lead product is the augmented respiration technology system, a respiratory support system comprising minimally invasive, portable dual lumen cannula, which is inserted into the jugular vein and utilizes extra-corporeal direct blood oxygenation to elevate and stabilize declining oxygen saturation levels.