InnovAge (OTCMKTS:INNV) Shares Cross Above 50 Day Moving Average - What's Next?

InnovAge Holding Corp. (OTCMKTS:INNV - Get Free Report)'s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $3.78 and traded as high as $4.46. InnovAge shares last traded at $4.46, with a volume of 29,140 shares changing hands.

InnovAge Stock Up 7.5%

The stock has a market cap of $602.16 million, a price-to-earnings ratio of -14.39 and a beta of 0.55. The firm has a 50 day simple moving average of $3.81 and a two-hundred day simple moving average of $3.53. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 1.57.

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.