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

Shares of The InterGroup Co. (NASDAQ:INTG) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.97 and traded as low as $12.21. The InterGroup shares last traded at $12.95, with a volume of 2,003 shares.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on The InterGroup in a report on Friday. They issued a “hold” rating on the stock.

The InterGroup Stock Performance

The stock has a market capitalization of $27.91 million, a PE ratio of -2.83 and a beta of 0.29. The company’s fifty day simple moving average is $12.97 and its two-hundred day simple moving average is $13.97.

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

Hedge Funds Weigh In On The InterGroup

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

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.