InnovAge (OTCMKTS:INNV) Trading Down 6.5% - Here's Why

InnovAge Holding Corp. (OTCMKTS:INNV - Get Free Report)'s share price was down 6.5% during trading on Tuesday . The company traded as low as $4.17 and last traded at $4.17. Approximately 3,634 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 49,397 shares. The stock had previously closed at $4.46.

InnovAge Trading Down 0.5%

The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market cap of $571.10 million, a P/E ratio of -13.64 and a beta of 0.51. The stock has a fifty day simple moving average of $3.85 and a 200 day simple moving average of $3.53.

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.