Intelligent Group (NASDAQ:INTJ) Stock Price Down 19% – What’s Next?

Intelligent Group Limited (NASDAQ:INTJ)’s share price was down 19% during mid-day trading on Thursday . The stock traded as low as $0.3013 and last traded at $0.3320. Approximately 251,066 shares were traded during trading, an increase of 314% from the average daily volume of 60,684 shares. The stock had previously closed at $0.41.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Intelligent Group in a research note on Thursday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Intelligent Group Stock Performance

The company’s 50 day simple moving average is $0.53 and its two-hundred day simple moving average is $0.67.

Intelligent Group’s stock is going to reverse split before the market opens on Wednesday, February 4th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, February 3rd.

Hedge Funds Weigh In On Intelligent Group

An institutional investor recently bought a new position in Intelligent Group stock. Citadel Advisors LLC purchased a new position in shares of Intelligent Group Limited (NASDAQ:INTJ) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 57,887 shares of the company’s stock, valued at approximately $29,000. Citadel Advisors LLC owned 0.44% of Intelligent Group at the end of the most recent reporting period.

Intelligent Group Company Profile

Intelligent Group Limited, through its subsidiaries, provides financial public relations services in the Hong Kong. The company offers financial PR services, such as creating multi-stakeholder communications programs, arranging press conferences and interviews, participating in the preparation of news releases and shareholders' meetings, monitoring news publications, identifying shareholders, targeting potential investors, organizing corporate events, and implementing crisis management policies and procedures.