Intergroup (NASDAQ:INTG) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of Intergroup (NASDAQ:INTG) from a buy rating to a hold rating in a research report report published on Sunday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Intergroup in a research note on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Intergroup has an average rating of “Sell”.

Intergroup Stock Performance

Shares of INTG stock opened at $36.45 on Friday. Intergroup has a fifty-two week low of $9.57 and a fifty-two week high of $42.50. The stock has a 50 day simple moving average of $29.33 and a two-hundred day simple moving average of $27.60. The company has a market cap of $78.37 million, a P/E ratio of -63.95 and a beta of 0.18.

Intergroup (NASDAQ:INTG) last posted its quarterly earnings results on Thursday, February 12th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter. The business had revenue of $17.30 million for the quarter.

Hedge Funds Weigh In On Intergroup

An institutional investor recently bought a new position in Intergroup stock. Geode Capital Management LLC purchased a new stake in The Intergroup Corporation (NASDAQ:INTG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,120 shares of the financial services provider’s stock, valued at approximately $202,000. Geode Capital Management LLC owned 0.33% of Intergroup at the end of the most recent quarter. 3.36% of the stock is currently owned by institutional investors and hedge funds.

About Intergroup

Intergroup Corporation (NASDAQ: INTG) is a U.S.-based manufacturer and marketer of industrial and food packaging products. Through its operating subsidiaries, the company produces a broad array of container solutions including corrugated paperboard, recycled fiberboard, plastic and fiber-plastic combinations, as well as wood and tin packaging. These products serve a diverse customer base across the food processing, consumer goods, pharmaceutical, and industrial sectors.

The company’s product portfolio encompasses custom-designed cartons, paper and plastic boxes, and heavy-duty shipping containers tailored to meet the specific strength, moisture resistance, and storage requirements of its customers.