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InnovAge (OTCMKTS:INNV) Shares Pass Above 50-Day Moving Average - Here's Why

InnovAge logo with Medical background

InnovAge Holding Corp. (OTCMKTS:INNV - Get Free Report)'s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $3.26 and traded as high as $3.32. InnovAge shares last traded at $2.63, with a volume of 76,622 shares.

InnovAge Price Performance

The business has a fifty day simple moving average of $3.19 and a 200-day simple moving average of $4.23. 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 stock has a market capitalization of $381.39 million, a P/E ratio of -9.10 and a beta of 0.41.

About InnovAge

(Get Free Report)

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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