Inspira Technologies Oxy B.H.N. (NASDAQ:IINN) Trading Down 1% – Here’s What Happened

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

Inspira Technologies Oxy B.H.N. Stock Performance

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

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 acquired a new stake 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 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. at the end of the most recent quarter. 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.