The InterGroup (NASDAQ:INTG) Shares Cross Below 200-Day Moving Average – Time to Sell?

The InterGroup Co. (NASDAQ:INTG) 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 changing hands.

Analyst Upgrades and Downgrades

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

The InterGroup Stock Down 0.4 %

The stock has a fifty day moving average price of $15.51 and a two-hundred day moving average price of $18.86. The company has a market capitalization of $31.26 million, a price-to-earnings ratio of -3.27 and a beta of 0.32.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC boosted its holdings in The InterGroup Co. (NASDAQ:INTG) by 3.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 341,990 shares of the financial services provider’s stock after purchasing an additional 11,302 shares during the quarter. PFG Investments LLC owned approximately 15.64% of The InterGroup worth $5,280,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 3.36% of the company’s stock.

About The InterGroup

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.