InnovAge Holding Corp. (OTCMKTS:INNV) hit a new 52-week low during trading on Monday . The company traded as low as $12.61 and last traded at $12.71, with a volume of 442464 shares traded. The stock had previously closed at $14.00.
A number of research firms recently issued reports on INNV. Barclays raised shares of InnovAge from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $26.00 to $19.00 in a research note on Thursday, August 12th. The Goldman Sachs Group dropped their price target on shares of InnovAge from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Monday, July 19th. Robert W. Baird began coverage on shares of InnovAge in a research note on Thursday, May 27th. They issued an “outperform” rating and a $27.00 price target on the stock. Finally, Cowen began coverage on shares of InnovAge in a research note on Thursday, September 9th. They issued a “market perform” rating and a $17.00 price target on the stock. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $26.00.
The business has a fifty day simple moving average of $16.10 and a two-hundred day simple moving average of $20.66. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.22.
InnovAge Company Profile (OTCMKTS:INNV)
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. It manages its business through Program of All-Inclusive Care for the Elderly (PACE) approach. The company offers in-home care services consisting of skilled, unskilled, and personal care; in-center services, such as primary care, dental, mental health and psychiatric, meals, and activities, as well as physical, occupational, and speech therapy; transportation to the PACE center and third-party medical appointments; and care management.
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