InnovAge (OTCMKTS:INNV) Stock Price Passes Below 200 Day Moving Average – What’s Next?

InnovAge Holding Corp. (OTCMKTS:INNVGet Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-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.

InnovAge Price Performance

The stock has a market capitalization of $512.02 million, a price-to-earnings ratio of -12.19 and a beta of 0.37. The stock’s 50 day simple moving average is $4.69 and its 200-day simple moving average is $5.44. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 1.57.

About InnovAge

(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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