InnovAge (OTCMKTS:INNV) Stock Price Crosses Above 50-Day Moving Average - Time to 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 - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 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 trading hands.

InnovAge Trading Up 1.0%

The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 1.57. The firm's 50 day moving average price is $3.84 and its 200 day moving average price is $3.60. The stock has a market capitalization of $709.39 million, a P/E ratio of -16.87 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.