The InterGroup (NASDAQ:INTG) Share Price Passes Below 200 Day Moving Average of $22.27

The InterGroup Co. (NASDAQ:INTG) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $22.27 and traded as low as $20.00. The InterGroup shares last traded at $20.28, with a volume of 6,725 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on The InterGroup in a research note on Tuesday, April 30th. They set a “sell” rating for the company.

The InterGroup Stock Performance

The company has a market cap of $44.21 million, a PE ratio of -3.45 and a beta of 0.31. The stock’s 50 day moving average price is $21.64 and its 200-day moving average price is $22.27.

The InterGroup (NASDAQ:INTG) last announced its quarterly earnings data on Friday, February 16th. The financial services provider reported ($0.69) earnings per share (EPS) for the quarter. The firm had revenue of $14.32 million during the quarter.

Hedge Funds Weigh In On The InterGroup

An institutional investor recently bought a new position in The InterGroup stock. International Assets Investment Management LLC acquired a new position in The InterGroup Co. (NASDAQ:INTG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 9,825 shares of the financial services provider’s stock, valued at approximately $193,000. International Assets Investment Management LLC owned 0.45% of The InterGroup as of its most recent filing with the Securities and Exchange Commission. 3.36% of the stock is owned by institutional investors.

The InterGroup Company Profile

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.