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

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

InnovAge Trading Down 6.9%

The firm has a fifty day moving average of $5.18 and a 200 day moving average of $4.44. The firm has a market capitalization of $735.39 million, a PE ratio of -17.48 and a beta of 0.57. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.57 and a current ratio of 1.57.

About InnovAge

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.