Inspire Veterinary Partners (NASDAQ:IVP) Trading 3.4% Higher – Here’s Why

Inspire Veterinary Partners, Inc. (NASDAQ:IVP)’s stock price rose 3.4% on Monday . The stock traded as high as $1.85 and last traded at $1.83. Approximately 34,582 shares changed hands during trading, a decline of 82% from the average daily volume of 190,580 shares. The stock had previously closed at $1.77.

Inspire Veterinary Partners Stock Down 2.8 %

The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 3.60. The stock has a market capitalization of $2.22 million, a PE ratio of 0.00 and a beta of -2.35. The stock’s fifty day simple moving average is $2.34 and its 200-day simple moving average is $6.08.

Institutional Investors Weigh In On Inspire Veterinary Partners

A hedge fund recently raised its stake in Inspire Veterinary Partners stock. Avantax Planning Partners Inc. grew its holdings in shares of Inspire Veterinary Partners, Inc. (NASDAQ:IVP) by 186.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 246,000 shares of the company’s stock after purchasing an additional 160,000 shares during the quarter. Avantax Planning Partners Inc. owned approximately 18.92% of Inspire Veterinary Partners worth $47,000 at the end of the most recent reporting period. Institutional investors own 4.76% of the company’s stock.

Inspire Veterinary Partners Company Profile

Inspire Veterinary Partners, Inc owns and operates veterinary hospitals in the United States. The company specializes in small animal general practice hospitals, which serve companion pets, canine, and feline breeds, including equine care. Its hospitals provide preventive care for companion animals consisting of annual health exams and parasite control; dental health; nutrition and body condition counseling; neurological examinations; radiology; bloodwork; and skin and coat health, and other breed specific preventive care services.