Inspira Technologies Oxy B.H.N. (NASDAQ:IINN) Trading Down 2.1% – Here’s What Happened

Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ:IINN) was down 2.1% during trading on Friday . The stock traded as low as $1.15 and last traded at $1.17. Approximately 106,081 shares traded hands during trading, a decline of 75% from the average daily volume of 417,584 shares. The stock had previously closed at $1.20.

Inspira Technologies Oxy B.H.N. Price Performance

The company has a current ratio of 2.23, a quick ratio of 2.13 and a debt-to-equity ratio of 0.09. The firm has a fifty day moving average price of $1.32 and a 200 day moving average price of $1.33.

Institutional Trading of Inspira Technologies Oxy B.H.N.

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

Inspira Technologies Oxy B.H.N. Company Profile

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.