Ingenia Communities Group (OTC:INGEF) Trading Down 21% – Here’s Why

Shares of Ingenia Communities Group (OTC:INGEFGet Free Report) dropped 21% during trading on Tuesday . The stock traded as low as $2.15 and last traded at $2.15. Approximately 374 shares traded hands during trading, a decline of 85% from the average daily volume of 2,510 shares. The stock had previously closed at $2.72.

Ingenia Communities Group Stock Performance

The company has a 50 day moving average of $3.47 and a 200-day moving average of $3.56.

About Ingenia Communities Group

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Ingenia Communities Group (ASX:INA) is a leading operator, owner and developer offering quality residential communities and holiday accommodation. Listed on the Australian Securities Exchange, the Group is included in the S&P/ASX 200. Across Ingenia Lifestyle, Ingenia Gardens, Ingenia Holidays and Ingenia Rental, the Group's $2.3 billion property portfolio includes 107 communities and development sites and is continuing to grow.

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