InnovAge (OTCMKTS:INNV) Share Price Crosses Above Fifty Day Moving Average of $4.37

InnovAge Holding Corp. (OTCMKTS:INNV) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $4.37 and traded as high as $4.49. InnovAge shares last traded at $4.26, with a volume of 20,827 shares traded.

InnovAge Price Performance

The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market cap of $578.93 million, a PE ratio of -17.04 and a beta of 0.24. The stock has a 50 day simple moving average of $4.37 and a two-hundred day simple moving average of $5.17.

InnovAge (OTCMKTS:INNV) last announced its quarterly earnings results on Tuesday, February 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.03). The company had revenue of $188.90 million during the quarter, compared to the consensus estimate of $181.51 million. InnovAge had a negative return on equity of 13.04% and a negative net margin of 6.17%. Sell-side analysts expect that InnovAge Holding Corp. will post -0.25 earnings per share for the current year.

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.