The InterGroup (NASDAQ:INTG) Stock Price Passes Below 200-Day Moving Average of $20.70

The InterGroup Co. (NASDAQ:INTG) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $20.70 and traded as low as $16.10. The InterGroup shares last traded at $16.21, with a volume of 7,218 shares trading hands.

The InterGroup Stock Down 0.8 %

The firm has a 50 day moving average of $18.86 and a 200-day moving average of $20.70. The company has a market cap of $35.45 million, a P/E ratio of -2.27 and a beta of 0.32.

Hedge Funds Weigh In On The InterGroup

An institutional investor recently raised its position in The InterGroup stock. PFG Investments LLC boosted its holdings in shares of The InterGroup Co. (NASDAQ:INTG) by 2.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 330,688 shares of the financial services provider’s stock after acquiring an additional 7,859 shares during the period. PFG Investments LLC owned about 15.12% of The InterGroup worth $6,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 3.36% of the stock is currently owned by hedge funds and other institutional investors.

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.