Shares of InnovAge Holding Corp. (OTCMKTS:INNV – Get Free Report) were down 4% on Monday . The company traded as low as $5.75 and last traded at $5.76. Approximately 74,160 shares traded hands during trading, an increase of 1% from the average daily volume of 73,582 shares. The stock had previously closed at $6.00.
InnovAge Stock Performance
The stock has a 50 day simple moving average of $5.21 and a 200 day simple moving average of $4.50. 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 company has a market cap of $770.67 million, a price-to-earnings ratio of -18.32 and a beta of 0.57.
About InnovAge
InnovAge Holdings, Inc, trading under the ticker INNV on the OTC Markets, is a specialized health care services company focused on delivering comprehensive geriatric care through the Program of All-Inclusive Care for the Elderly (PACE). The company’s model is designed to provide integrated medical and social services for seniors who qualify for both Medicare and Medicaid, with an emphasis on allowing participants to remain in their homes and communities for as long as possible.
InnovAge’s core offerings include primary medical care, prescription drug coverage, rehabilitative therapies, transportation, nutritional counseling and home-based support services.
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