InnovAge (OTCMKTS:INNV) Hits New 52-Week High – Still a Buy?

InnovAge Holding Corp. (OTCMKTS:INNVGet Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $9.19 and last traded at $8.92, with a volume of 477187 shares changing hands. The stock had previously closed at $8.16.

InnovAge Price Performance

The company’s 50 day simple moving average is $6.36 and its 200 day simple moving average is $5.32. 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 has a market capitalization of $1.21 billion, a PE ratio of -28.77 and a beta of 0.57.

About InnovAge

(Get Free Report)

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.

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