InnovAge (OTCMKTS:INNV) Shares Down 4.7% – Here’s What Happened

InnovAge Holding Corp. (OTCMKTS:INNV)’s stock price dropped 4.7% during mid-day trading on Wednesday . The company traded as low as $8.06 and last traded at $8.08. Approximately 76,624 shares traded hands during trading, a decline of 69% from the average daily volume of 245,719 shares. The stock had previously closed at $8.48.

InnovAge Trading Down 6.0%

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 firm has a market cap of $1.08 billion, a PE ratio of -25.71 and a beta of 0.57. The firm has a fifty day simple moving average of $6.14 and a two-hundred day simple moving average of $5.18.

InnovAge Company Profile

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.