InnovAge (OTCMKTS:INNV) Share Price Crosses Above 50 Day Moving Average - Should You Sell?

Key Points

• InnovAge Holding Corp. (OTCMKTS: INNV) shares surpassed their fifty-day moving average of $3.81, reaching a high of $4.63 during trading.
• The company's market capitalization is approximately $623.76 million with a price-to-earnings ratio of -14.90, indicating potential concerns about profitability.
• InnovAge specializes in providing medical and ancillary services for seniors, operating through a Program of All-Inclusive Care for the Elderly (PACE) approach.

InnovAge Holding Corp. (OTCMKTS:INNV - ) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $3.81 and traded as high as $4.63. InnovAge shares last traded at $4.62, with a volume of 45,027 shares changing hands.

InnovAge Trading Up 11.3%

The business's 50 day moving average price is $3.81 and its two-hundred day moving average price is $3.57. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $623.76 million, a price-to-earnings ratio of -14.90 and a beta of 0.52.

InnovAge Company Profile

InnovAge Holding Corp. manages and provides a range of medical and ancillary services for seniors in need of care and support to live independently in their homes and communities. The company manages its business through Program of All-Inclusive Care for the Elderly (PACE) approach. It also offers in-home care services consisting of skilled, unskilled, and personal care; in-center services, such as primary care, physical therapy, occupational therapy, speech therapy, dental services, mental health and psychiatric services, meals, and activities; transportation to the PACE center and third-party medical appointments; and care management.

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