The InterGroup (NASDAQ:INTG) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

The InterGroup Co. (NASDAQ:INTG)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $14.39 and traded as low as $12.57. The InterGroup shares last traded at $12.57, with a volume of 424 shares changing hands.

Wall Street Analysts Forecast Growth

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

The InterGroup Price Performance

The firm has a fifty day moving average of $13.18 and a two-hundred day moving average of $14.36. The stock has a market capitalization of $26.29 million, a P/E ratio of -2.66 and a beta of 0.29.

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

Insiders Place Their Bets

In other The InterGroup news, Director John C. Love sold 10,485 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $14.25, for a total transaction of $149,411.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 81.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC grew its position in The InterGroup Co. (NASDAQ:INTG) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 about 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.