Inspira Technologies Oxy B.H.N. (NASDAQ:IINN) Shares Down 2.1% – What’s Next?

Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ:IINN) shares traded down 2.1% on Friday . The company traded as low as $1.15 and last traded at $1.17. 106,081 shares changed hands during trading, a decline of 75% from the average session 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 fifty day moving average price of $1.32 and a 200-day moving average price of $1.33. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.13 and a current ratio of 2.23.

Hedge Funds 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 acquired a new stake in shares of Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ:IINN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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. as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds 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.