InnovAge (OTCMKTS:INNV) Stock Passes Above 50 Day Moving Average – Here’s Why

Shares of InnovAge Holding Corp. (OTCMKTS:INNVGet Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $6.14 and traded as high as $8.75. InnovAge shares last traded at $8.48, with a volume of 258,344 shares.

InnovAge Price Performance

The company has a 50-day moving average of $6.14 and a two-hundred day moving average of $5.18. 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 has a market capitalization of $1.15 billion, a PE ratio of -27.35 and a beta of 0.57.

InnovAge Company Profile

(Get Free Report)

InnovAge Holdings, Inc, trading under the ticker INNV on the OTC Markets, is a specialized health care services company focused on delivering comprehensive geriatric care through the Program of All-Inclusive Care for the Elderly (PACE). The company’s model is designed to provide integrated medical and social services for seniors who qualify for both Medicare and Medicaid, with an emphasis on allowing participants to remain in their homes and communities for as long as possible.

InnovAge’s core offerings include primary medical care, prescription drug coverage, rehabilitative therapies, transportation, nutritional counseling and home-based support services.

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