InnovAge (OTCMKTS:INNV) Shares Down 4.6% - What's Next?

InnovAge Holding Corp. (OTCMKTS:INNV - Get Free Report) shares dropped 4.6% during mid-day trading on Thursday . The company traded as low as $4.13 and last traded at $4.17. Approximately 21,962 shares were traded during trading, a decline of 57% from the average daily volume of 50,531 shares. The stock had previously closed at $4.37.

InnovAge Stock Performance

The firm has a market cap of $513.05 million, a PE ratio of -12.26 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. The company has a 50-day simple moving average of $4.01 and a two-hundred day simple moving average of $3.54.

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.