InnovAge (OTCMKTS:INNV) Shares Down 7.2% – Here’s What Happened
by Amy Steele · The Cerbat GemInnovAge Holding Corp. (OTCMKTS:INNV – Get Free Report) fell 7.2% during mid-day trading on Wednesday . The stock traded as low as $5.12 and last traded at $5.19. 67,711 shares were traded during mid-day trading, an increase of 10% from the average session volume of 61,517 shares. The stock had previously closed at $5.59.
InnovAge Trading Up 6.1%
The company has a market cap of $712.33 million, a P/E ratio of -16.93 and a beta of 0.59. 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 firm’s 50-day moving average price is $5.10 and its 200-day moving average price is $4.28.
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.
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