InnovAge (OTCMKTS:INNV) Shares Gap Down - Here's Why

InnovAge Holding Corp. (OTCMKTS:INNV - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $4.46, but opened at $4.23. InnovAge shares last traded at $4.07, with a volume of 4,853 shares.

InnovAge Price Performance

The stock has a market capitalization of $573.81 million, a price-to-earnings ratio of -13.71 and a beta of 0.51. The company has a fifty day simple moving average of $3.85 and a 200 day simple moving average of $3.53. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.57 and a current ratio of 1.57.

About InnovAge

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.