InnovAge (OTCMKTS:INNV) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

InnovAge Holding Corp. (OTCMKTS:INNV)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $5.41 and traded as high as $6.08. InnovAge shares last traded at $5.94, with a volume of 110,045 shares.

InnovAge Stock Down 1.9%

The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. The company has a fifty day simple moving average of $5.43 and a 200-day simple moving average of $4.78. The firm has a market cap of $791.02 million, a P/E ratio of -18.81 and a beta of 0.57.

About InnovAge

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.