InnovAge (OTCMKTS:INNV) Shares Down 6.9% – Here’s Why

InnovAge Holding Corp. (OTCMKTS:INNVGet Free Report) dropped 6.9% during trading on Tuesday . The stock traded as low as $5.38 and last traded at $5.42. Approximately 87,259 shares traded hands during trading, an increase of 23% from the average daily volume of 71,124 shares. The stock had previously closed at $5.82.

InnovAge Price Performance

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 stock has a market capitalization of $812.73 million, a PE ratio of -19.32 and a beta of 0.57. The firm has a 50 day moving average price of $5.19 and a 200 day moving average price of $4.48.

InnovAge Company Profile

(Get Free Report)

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.

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