InnovAge (OTCMKTS:INNV) Trading Down 4.5% – Should You Sell?

InnovAge Holding Corp. (OTCMKTS:INNV)’s share price dropped 4.5% during mid-day trading on Wednesday . The stock traded as low as $5.08 and last traded at $5.08. Approximately 93,688 shares traded hands during mid-day trading, an increase of 46% from the average daily volume of 64,037 shares. The stock had previously closed at $5.32.

InnovAge Price Performance

The firm has a market cap of $683.83 million, a P/E ratio of -16.26 and a beta of 0.59. The firm’s fifty day simple moving average is $5.12 and its 200 day simple moving average is $4.33. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.57 and a current ratio of 1.57.

InnovAge Company Profile

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.