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

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

InnovAge Stock Performance

The company's 50-day simple moving average is $4.01 and its 200 day simple moving average is $3.54. The stock has a market cap of $571.10 million, a P/E ratio of -13.64 and a beta of 0.51. The company has a current ratio of 1.57, a quick 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.

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