
InnovAge (OTCMKTS:INNV) Stock Price Up 8.1% - Should You Buy?

Shares of InnovAge Holding Corp. (OTCMKTS:INNV) rose 8.1% to $5.86 with a significant increase in trading volume. The company provides medical and ancillary services for seniors through its PACE approach. Despite the rise, analysts currently rate InnovAge as a Hold, suggesting other stocks may be better buys.
InnovAge Price Performance
The stock has a market capitalization of $772.02 million, a PE ratio of -18.35 and a beta of 0.59. 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's 50-day moving average is $4.94 and its 200 day moving average is $4.19.
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.
Further Reading
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