The InterGroup (NASDAQ:INTG) Stock Passes Below 200-Day Moving Average – What’s Next?

The InterGroup Co. (NASDAQ:INTG) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.82 and traded as low as $13.79. The InterGroup shares last traded at $13.79, with a volume of 595 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of The InterGroup in a report on Saturday. They issued a “hold” rating for the company.

The InterGroup Price Performance

The stock has a market cap of $29.72 million, a PE ratio of -3.01 and a beta of 0.17. The company’s fifty day moving average is $12.97 and its 200-day moving average is $13.82.

The InterGroup (NASDAQ:INTG) last posted its earnings results on Friday, February 14th. The financial services provider reported ($1.26) earnings per share for the quarter. The firm had revenue of $14.44 million for the quarter.

Institutional Investors Weigh In On The InterGroup

An institutional investor recently raised its position in The InterGroup stock. PFG Investments LLC boosted its position in shares of The InterGroup Co. (NASDAQ:INTG) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 343,949 shares of the financial services provider’s stock after purchasing an additional 1,959 shares during the period. PFG Investments LLC owned approximately 15.85% of The InterGroup worth $4,908,000 at the end of the most recent quarter. 3.36% of the stock is currently owned by hedge funds and other institutional investors.

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.