The InterGroup (NASDAQ:INTG) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

The InterGroup Co. (NASDAQ:INTG) 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 trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on The InterGroup in a research note on Tuesday, March 11th. They issued a “hold” rating for the company.

The InterGroup Price Performance

The firm has a 50 day simple moving average of $13.24 and a 200-day simple moving average of $14.39. The stock has a market capitalization of $27.09 million, a price-to-earnings ratio of -2.74 and a beta of 0.29.

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

Insider Activity

In other news, Director John C. Love sold 10,485 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $14.25, for a total value of $149,411.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 81.90% of the stock is currently owned by corporate insiders.

Institutional Trading of The InterGroup

A hedge fund recently raised its stake in The InterGroup stock. PFG Investments LLC boosted its position in The InterGroup Co. (NASDAQ:INTG) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 343,949 shares of the financial services provider’s stock after acquiring an additional 1,959 shares during the period. PFG Investments LLC owned 15.85% of The InterGroup worth $4,908,000 at the end of the most recent quarter. 3.36% of the stock is currently owned by 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.