Shares of InnovAge Holding Corp. (OTCMKTS:INNV – Get Free Report) rose 7.2% during trading on Tuesday . The company traded as high as $5.38 and last traded at $5.33. Approximately 64,995 shares traded hands during trading, an increase of 7% from the average daily volume of 60,605 shares. The stock had previously closed at $4.97.
InnovAge Stock Performance
The stock has a market capitalization of $723.18 million, a price-to-earnings ratio of -17.19 and a beta of 0.59. The company’s fifty day simple moving average is $5.05 and its 200 day simple moving average is $4.25. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.25.
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.
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