Inspire Veterinary Partners (NASDAQ:IVP) Trading 3.4% Higher – Should You Buy?

Inspire Veterinary Partners, Inc. (NASDAQ:IVP) shot up 3.4% on Monday . The company traded as high as $1.85 and last traded at $1.83. 34,582 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 190,580 shares. The stock had previously closed at $1.77.

Inspire Veterinary Partners Price Performance

The company has a fifty day simple moving average of $2.34 and a 200 day simple moving average of $6.08. The stock has a market capitalization of $2.22 million, a price-to-earnings ratio of 0.00 and a beta of -2.35. The company has a debt-to-equity ratio of 3.60, a quick ratio of 0.55 and a current ratio of 0.63.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Inspire Veterinary Partners stock. Geode Capital Management LLC boosted its position in Inspire Veterinary Partners, Inc. (NASDAQ:IVP) by 880.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 198,335 shares of the company’s stock after buying an additional 178,108 shares during the period. Geode Capital Management LLC owned approximately 15.26% of Inspire Veterinary Partners worth $38,000 at the end of the most recent quarter. Institutional investors and hedge funds own 4.76% of the company’s stock.

About Inspire Veterinary Partners

Inspire Veterinary Partners, Inc owns and operates veterinary hospitals in the United States. The company specializes in small animal general practice hospitals, which serve companion pets, canine, and feline breeds, including equine care. Its hospitals provide preventive care for companion animals consisting of annual health exams and parasite control; dental health; nutrition and body condition counseling; neurological examinations; radiology; bloodwork; and skin and coat health, and other breed specific preventive care services.