InnovAge (OTCMKTS:INNV) Shares Cross Below 200-Day Moving Average – Here’s Why

InnovAge Holding Corp. (OTCMKTS:INNV)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.45 and traded as low as $3.70. InnovAge shares last traded at $3.78, with a volume of 54,663 shares traded.

InnovAge Trading Down 4.2 %

The business has a fifty day moving average of $4.65 and a 200-day moving average of $5.43. 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 company has a market capitalization of $490.35 million, a P/E ratio of -11.68 and a beta of 0.37.

About InnovAge

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.