InnovAge (OTCMKTS:INNV) Shares Down 4.5% – Here’s What Happened

Shares of InnovAge Holding Corp. (OTCMKTS:INNV) fell 4.5% during trading on Wednesday . The stock traded as low as $5.08 and last traded at $5.08. 93,688 shares traded hands during mid-day trading, an increase of 46% from the average session volume of 64,037 shares. The stock had previously closed at $5.32.

InnovAge Trading Down 6.8%

The business has a 50 day simple moving average of $5.12 and a two-hundred day simple moving average of $4.34. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.25. The company has a market cap of $672.98 million, a PE ratio of -16.00 and a beta of 0.59.

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.