Inspira Technologies Oxy B.H.N. (NASDAQ:IINN) Stock Price Down 0.8% – What’s Next?

Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ:IINN)’s stock price fell 0.8% during mid-day trading on Tuesday . The stock traded as low as $1.25 and last traded at $1.28. 175,453 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 451,901 shares. The stock had previously closed at $1.29.

Inspira Technologies Oxy B.H.N. Stock Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 2.23 and a quick ratio of 2.13. The firm has a 50-day simple moving average of $1.28 and a 200-day simple moving average of $1.48.

Institutional Inflows and Outflows

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) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 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. as of its most recent SEC filing. 12.72% of the stock is currently owned by hedge funds and other institutional investors.

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.