InnovAge (OTCMKTS:INNV) Trading Down 4.6% - Should You Sell?

InnovAge Holding Corp. (OTCMKTS:INNV - Get Free Report) shares traded down 4.6% during mid-day trading on Thursday . The stock traded as low as $4.55 and last traded at $4.58. 28,264 shares changed hands during mid-day trading, a decline of 26% from the average session volume of 38,268 shares. The stock had previously closed at $4.80.

InnovAge Stock Down 3.1 %

The business has a fifty day moving average of $5.40 and a 200-day moving average of $5.53. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market cap of $601.42 million, a PE ratio of -37.00 and a beta of 0.31.

InnovAge (OTCMKTS:INNV - Get Free Report) last released its quarterly earnings results on Tuesday, September 10th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. InnovAge had a negative net margin of 6.17% and a negative return on equity of 13.04%. The firm had revenue of $199.40 million for the quarter, compared to analyst estimates of $190.19 million. Equities research analysts anticipate that InnovAge Holding Corp. will post -0.25 earnings per share for the current year.

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.