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

Posted by Scott Moore on Nov 15th, 2024

The InterGroup Co. (NASDAQ:INTG – Get Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of The InterGroup from a “hold” rating to a “sell” rating in a research report on Thursday.

Get Our Latest Report on INTG

The InterGroup Price Performance

The business’s 50-day moving average price is $15.42 and its 200-day moving average price is $18.83.

The InterGroup (NASDAQ:INTG – Get Free Report) last issued its quarterly earnings data on Monday, September 30th. The financial services provider reported ($1.70) earnings per share (EPS) for the quarter. The firm 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 increased its position in shares of The InterGroup Co. (NASDAQ:INTG – Free Report) by 2.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 330,688 shares of the financial services provider’s stock after buying an additional 7,859 shares during the period. PFG Investments LLC owned 15.12% of The InterGroup worth $6,825,000 as of its most recent filing with the SEC. 3.36% of the stock is owned by institutional investors.

About The InterGroup

(Get Free Report)

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.