InnovAge (OTCMKTS:INNV) Stock Crosses Below 50 Day Moving Average – What’s Next?

Shares of InnovAge Holding Corp. (OTCMKTS:INNV) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $3.97 and traded as low as $3.52. InnovAge shares last traded at $3.55, with a volume of 34,177 shares changing hands.

InnovAge Stock Down 1.9%

The firm has a 50-day simple moving average of $3.96 and a two-hundred day simple moving average of $3.54. 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 company has a market cap of $479.30 million, a PE ratio of -11.45 and a beta of 0.51.

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.