InnovAge (OTCMKTS:INNV) Shares Down 4.6% – Should You Sell?

InnovAge Holding Corp. (OTCMKTS:INNV) shares fell 4.6% during mid-day trading on Thursday . The stock traded as low as $4.55 and last traded at $4.58. 28,264 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 38,268 shares. The stock had previously closed at $4.80.

InnovAge Trading Down 3.1 %

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 business has a 50 day moving average of $5.40 and a 200-day moving average of $5.53. The firm has a market capitalization of $601.42 million, a P/E ratio of -37.00 and a beta of 0.31.

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 business 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%. Analysts anticipate that InnovAge Holding Corp. will post -0.25 EPS 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.