InnovAge (OTCMKTS:INNV) Stock Price Crosses Below 50-Day Moving Average of $4.48

InnovAge Holding Corp. (OTCMKTS:INNV)’s stock price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $4.48 and traded as low as $3.70. InnovAge shares last traded at $3.72, with a volume of 112,314 shares traded.

InnovAge Price Performance

The stock has a market cap of $505.54 million, a P/E ratio of -14.88 and a beta of 0.15. The firm has a 50-day moving average price of $4.48 and a 200-day moving average price of $5.25. 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 (OTCMKTS:INNV) last posted its quarterly earnings data on Tuesday, February 6th. The company reported ($0.03) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.03). InnovAge had a negative return on equity of 13.04% and a negative net margin of 6.17%. The company had revenue of $188.90 million during the quarter, compared to analyst estimates of $181.51 million. On average, analysts forecast that InnovAge Holding Corp. will post -0.25 earnings per share for the current fiscal year.

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.