InnovAge (OTCMKTS:INNV) Stock Crosses Above 50-Day Moving Average - Time to Sell?

Key Points

• InnovAge Holding Corp.'s stock price has surpassed its fifty-day moving average, moving from $3.81 to a high of $3.93 before settling at $3.88 with a trading volume of 15,731 shares.
• The company reported a 5.7% increase in its stock value during the trading session, indicating positive market performance.
• InnovAge specializes in managing medical and ancillary services for seniors, employing a Program of All-Inclusive Care for the Elderly (PACE) approach to support independent living.

InnovAge Holding Corp. (OTCMKTS:INNV - Get Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $3.81 and traded as high as $3.93. InnovAge shares last traded at $3.88, with a volume of 15,731 shares changing hands.

InnovAge Stock Performance

The company's 50-day moving average price is $3.81 and its 200-day moving average price is $3.53. The firm has a market cap of $517.10 million, a price-to-earnings ratio of -12.35 and a beta of 0.51. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.25.

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.