InnovAge (OTCMKTS:INNV – Get Free Report) issued its earnings results on Tuesday. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06), reports. The company had revenue of $176.87 million during the quarter, compared to the consensus estimate of $175.03 million. InnovAge had a negative return on equity of 13.04% and a negative net margin of 6.17%.
InnovAge Price Performance
Shares of INNV stock opened at $6.31 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market capitalization of $855.95 million, a P/E ratio of -20.35 and a beta of 0.16. The company’s 50-day simple moving average is $6.41 and its two-hundred day simple moving average is $6.71. InnovAge has a one year low of $3.74 and a one year high of $8.15.
Insiders Place Their Bets
In other news, insider Nicole Damato sold 6,422 shares of the stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $7.10, for a total transaction of $45,596.20. Following the transaction, the insider now directly owns 197,899 shares in the company, valued at $1,405,082.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have sold 14,973 shares of company stock worth $107,331 in the last three months. Corporate insiders own 0.25% of the company’s stock.
Institutional Investors Weigh In On InnovAge
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. It manages its business through Program of All-Inclusive Care for the Elderly (PACE) approach. The company 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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