Intergroup (NASDAQ:INTG) Releases Earnings Results

Intergroup (NASDAQ:INTG) posted its earnings results on Monday. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $20.37 million for the quarter.

Intergroup Trading Down 0.8%

INTG traded down $0.30 during midday trading on Wednesday, hitting $39.12. 16,767 shares of the company traded hands, compared to its average volume of 20,556. The business has a 50 day simple moving average of $36.69 and a two-hundred day simple moving average of $32.90. Intergroup has a 52-week low of $9.57 and a 52-week high of $43.83. The company has a market capitalization of $84.11 million, a price-to-earnings ratio of -434.65 and a beta of 0.08.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Intergroup stock. Geode Capital Management LLC bought a new position in shares of The Intergroup Corporation (NASDAQ:INTG) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 7,120 shares of the financial services provider’s stock, valued at approximately $202,000. Geode Capital Management LLC owned about 0.33% of Intergroup as of its most recent SEC filing. Hedge funds and other institutional investors own 3.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on INTG shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intergroup in a report on Wednesday, April 8th. Wall Street Zen raised Intergroup from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

About Intergroup

Intergroup Corporation (NASDAQ: INTG) is a U.S.-based manufacturer and marketer of industrial and food packaging products. Through its operating subsidiaries, the company produces a broad array of container solutions including corrugated paperboard, recycled fiberboard, plastic and fiber-plastic combinations, as well as wood and tin packaging. These products serve a diverse customer base across the food processing, consumer goods, pharmaceutical, and industrial sectors.

The company’s product portfolio encompasses custom-designed cartons, paper and plastic boxes, and heavy-duty shipping containers tailored to meet the specific strength, moisture resistance, and storage requirements of its customers.