InnovAge (OTCMKTS:INNV) Shares Gap Up - Here's What Happened

Key Points

• InnovAge Holding Corp. (OTCMKTS:INNV) experienced a notable increase in share price, opening at $4.86 after a previous close of $4.63, and last traded at $4.95.
• The company has a market cap of $671.41 million and a negative P/E ratio of -15.97, indicating it has not generated profit over the last year.
• InnovAge specializes in medical and ancillary services for seniors, utilizing a Program of All-Inclusive Care for the Elderly (PACE) approach to support independent living.

InnovAge Holding Corp. (OTCMKTS:INNV - ) shares gapped up before the market opened on Tuesday . The stock had previously closed at $4.63, but opened at $4.86. InnovAge shares last traded at $4.95, with a volume of 2,317 shares trading hands.

InnovAge Price Performance

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 is $3.90 and its 200 day moving average is $3.65. The firm has a market cap of $671.41 million, a P/E ratio of -15.97 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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