Inspira Technologies Oxy B.H.N. (NASDAQ:IINN) Stock Price Down 1.2% – Should You Sell?

Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ:IINN)’s share price fell 1.2% during mid-day trading on Monday . The stock traded as low as $0.80 and last traded at $0.85. 522,593 shares were traded during trading, a decline of 66% from the average session volume of 1,559,782 shares. The stock had previously closed at $0.86.

Inspira Technologies Oxy B.H.N. Stock Performance

The company’s fifty day simple moving average is $1.05 and its 200 day simple moving average is $1.17. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.23 and a quick ratio of 2.13.

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 purchased a new position in shares of Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ:IINN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 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 Securities and Exchange Commission (SEC). 12.72% of the stock is currently owned by institutional investors and hedge funds.

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.