Ingenia Communities Group (ASX:INA) Share Price Crosses Above Fifty Day Moving Average of $3.63

Ingenia Communities Group (ASX:INA) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $3.63 and traded as high as $3.79. Ingenia Communities Group shares last traded at $3.65, with a volume of 1,646,460 shares changing hands.

The business’s 50-day moving average is A$3.63 and its two-hundred day moving average is A$4.22. The company has a market capitalization of $988.58 million and a P/E ratio of 22.39. The company has a quick ratio of 0.27, a current ratio of 1.04 and a debt-to-equity ratio of 29.87.

In related news, insider Simon Owen purchased 100,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The stock was acquired at an average price of A$3.40 ($2.41) per share, with a total value of A$340,000.00 ($241,134.75). Also, insider Robert Morrison purchased 30,000 shares of the business’s stock in a transaction on Tuesday, April 7th. The stock was bought at an average cost of A$3.25 ($2.30) per share, with a total value of A$97,500.00 ($69,148.94). In the last ninety days, insiders have purchased 4,479,327 shares of company stock valued at $15,442,483.

Ingenia Communities Group Company Profile (ASX:INA)

Ingenia Communities (Ingenia) is a leading Australian property group that owns, operates and develops a growing portfolio of lifestyle communities across key urban and coastal markets. We are committed to creating communities where our residents and visitors can truly belong. Ingenia is an S&P/ASX 300 entity with a market capitalisation of over $650 million and listed on the Australian Securities Exchange under the stock market trading code ‘INA'.

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