InnovAge (OTCMKTS:INNV) Shares Down 7.2% – Here’s What Happened

InnovAge Holding Corp. (OTCMKTS:INNV) dropped 7.2% during mid-day trading on Wednesday . The company traded as low as $5.12 and last traded at $5.19. Approximately 67,711 shares were traded during trading, an increase of 10% from the average daily volume of 61,517 shares. The stock had previously closed at $5.59.

InnovAge Price Performance

The stock has a market capitalization of $678.41 million, a PE ratio of -16.13 and a beta of 0.59. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 1.57. The stock’s fifty day moving average is $5.07 and its 200-day moving average is $4.27.

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.