The InterGroup (NASDAQ:INTG) Stock Passes Below 200 Day Moving Average – Here’s Why

The InterGroup Co. (NASDAQ:INTG) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $18.86 and traded as low as $14.07. The InterGroup shares last traded at $14.34, with a volume of 1,731 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of The InterGroup from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th.

The InterGroup Trading Down 0.4 %

The firm has a market capitalization of $31.26 million, a PE ratio of -3.27 and a beta of 0.32. The firm has a 50-day moving average of $15.51 and a two-hundred day moving average of $18.86.

The InterGroup (NASDAQ:INTG) last announced its quarterly earnings results on Monday, September 30th. The financial services provider reported ($1.70) EPS for the quarter. The business had revenue of $13.43 million during the quarter.

Institutional Investors Weigh In On The InterGroup

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC increased its holdings in shares of The InterGroup Co. (NASDAQ:INTG) by 3.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 341,990 shares of the financial services provider’s stock after purchasing an additional 11,302 shares during the period. PFG Investments LLC owned 15.64% of The InterGroup worth $5,280,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 3.36% of the company’s stock.

The InterGroup Company Profile

The InterGroup Corporation, through its subsidiaries, operates a hotel under the Hilton San Francisco Financial District name located in San Francisco, California. The company operates through three segments: Hotel Operations, Real Estate Operations, and Investment Transactions. Its hotel consists of guest rooms and luxury suites, a restaurant, a lounge, a private dining room, meeting room space, a gym, a grand ballroom, 5-level underground parking garage, a pedestrian bridge, and a Chinese culture center.