InnovAge (OTCMKTS:INNV) Trading Down 8.5% – Time to Sell?

InnovAge Holding Corp. (OTCMKTS:INNVGet Free Report) shares were down 8.5% during mid-day trading on Thursday . The company traded as low as $9.37 and last traded at $9.70. Approximately 348,022 shares changed hands during trading, an increase of 21% from the average daily volume of 287,525 shares. The stock had previously closed at $10.60.

InnovAge Trading Down 5.8%

The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $1.22 billion, a P/E ratio of -28.97 and a beta of 0.46. The business has a 50 day moving average price of $7.01 and a 200 day moving average price of $5.66.

About InnovAge

(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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