Inspira Technologies Oxy B.H.N. (NASDAQ:IINN) Trading Down 1.2% – Here’s What Happened

Shares of Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ:IINN) traded down 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 traded hands during mid-day 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 stock has a 50-day moving average of $1.05 and a 200-day moving average of $1.17. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.13 and a current ratio of 2.23.

Institutional Investors Weigh In On 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 bought a new stake in Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ:IINN) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 24,497 shares of the company’s stock, valued at approximately $34,000. Renaissance Technologies LLC owned approximately 0.19% of Inspira Technologies Oxy B.H.N. at the end of the most recent quarter. Hedge funds and other institutional investors own 12.72% of the company’s stock.

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.