Inspire Veterinary Partners (NASDAQ:IVP) Shares Up 3.4% – Still a Buy?

Shares of Inspire Veterinary Partners, Inc. (NASDAQ:IVP) shot up 3.4% on Monday . The stock traded as high as $1.85 and last traded at $1.83. 34,582 shares were traded 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 Stock Up 3.4 %

The firm has a market cap of $2.37 million, a P/E ratio of 0.00 and a beta of -2.35. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 3.60. The business has a 50-day moving average price of $2.42 and a 200-day moving average price of $6.25.

Institutional Inflows and Outflows

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