InnovAge (OTCMKTS:INNV) Stock Crosses Above Fifty Day Moving Average - Here's What Happened

Key Points

• InnovAge Holding Corp. shares crossed above their 50-day moving average of $3.88, reaching a high of $5.11 before settling at $4.63 during trading.
• The company has a market capitalization of $628 million, a P/E ratio of -14.94, and operates under the Program of All-Inclusive Care for the Elderly (PACE) model.
• Despite the recent price movement, InnovAge's stock is experiencing a decline, trading down 8.7% overall.

InnovAge Holding Corp. (OTCMKTS:INNV - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $3.88 and traded as high as $5.11. InnovAge shares last traded at $4.63, with a volume of 102,325 shares changing hands.

InnovAge Stock Performance

The company has a market cap of $628.00 million, a PE ratio of -14.94 and a beta of 0.52. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average of $3.88 and a 200-day moving average of $3.63.

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.