InnovAge (OTCMKTS:INNV) Share Price Crosses Above 50 Day Moving Average – Here’s Why

InnovAge Holding Corp. (OTCMKTS:INNV)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $5.49 and traded as high as $5.82. InnovAge shares last traded at $5.55, with a volume of 67,741 shares trading hands.

InnovAge Price Performance

The business has a 50-day simple moving average of $5.49 and a two-hundred day simple moving average of $4.83. The stock has a market capitalization of $753.03 million, a price-to-earnings ratio of -17.90 and a beta of 0.57. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.25.

InnovAge Company Profile

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.