InnovAge (OTCMKTS:INNV) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

InnovAge Holding Corp. (OTCMKTS:INNV) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $5.93 and traded as high as $6.69. InnovAge shares last traded at $6.30, with a volume of 84,769 shares changing hands.

InnovAge Trading Up 3.8 %

The firm has a market capitalization of $853.62 million, a price-to-earnings ratio of -39.38 and a beta of 0.39. The business’s 50-day moving average price is $5.93 and its 200 day moving average price is $5.37. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 1.57.

InnovAge (OTCMKTS:INNV) last issued its quarterly earnings data on Tuesday, September 10th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $199.40 million for the quarter, compared to analyst estimates of $190.19 million. InnovAge had a negative net margin of 6.17% and a negative return on equity of 13.04%. On average, equities 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.