InnovAge (OTCMKTS:INNV) Stock Price Crosses Above Fifty Day Moving Average of $4.27

Shares of InnovAge Holding Corp. (OTCMKTS:INNV) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $4.27 and traded as high as $4.44. InnovAge shares last traded at $4.23, with a volume of 60,078 shares trading hands.

InnovAge Trading Up 7.6 %

The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. The stock has a market cap of $618.75 million, a P/E ratio of -18.96 and a beta of 0.35. The firm’s 50 day simple moving average is $4.27 and its two-hundred day simple moving average is $4.91.

InnovAge (OTCMKTS:INNV) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). InnovAge had a negative return on equity of 13.04% and a negative net margin of 6.17%. The company had revenue of $193.07 million during the quarter, compared to analysts’ expectations of $188.64 million. As a group, equities research analysts predict 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.