InnovAge (OTCMKTS:INNV) Sees Large Volume Increase – Here’s Why

by · The Cerbat Gem

Shares of InnovAge Holding Corp. (OTCMKTS:INNV – Get Free Report) saw an uptick in trading volume on Monday . 222,953 shares were traded during mid-day trading, an increase of 216% from the previous session’s volume of 70,635 shares.The stock last traded at $5.81 and had previously closed at $5.40.

InnovAge Trading Up 8.3%

The company has a market cap of $793.73 million, a P/E ratio of -18.87 and a beta of 0.57. 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 stock’s 50 day moving average is $5.17 and its 200-day moving average is $4.43.

About InnovAge

(Get Free Report)

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.

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