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

The InterGroup Co. (NASDAQ:INTG)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.18 and traded as low as $12.30. The InterGroup shares last traded at $12.64, with a volume of 8,841 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on The InterGroup in a research report on Thursday. They set a “hold” rating on the stock.

The InterGroup Stock Performance

The business has a fifty day simple moving average of $13.06 and a 200 day simple moving average of $14.18. The company has a market cap of $27.24 million, a P/E ratio of -2.76 and a beta of 0.29.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in The InterGroup stock. PFG Investments LLC lifted its stake in shares of The InterGroup Co. (NASDAQ:INTG) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 343,949 shares of the financial services provider’s stock after acquiring an additional 1,959 shares during the quarter. PFG Investments LLC owned 15.85% of The InterGroup worth $4,908,000 at the end of the most recent reporting period. Institutional investors 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.