Intergroup (NASDAQ:INTG) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen cut shares of Intergroup (NASDAQ:INTGFree Report) from a buy rating to a hold rating in a report released on Saturday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Intergroup in a report on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Intergroup currently has a consensus rating of “Sell”.

Read Our Latest Stock Report on INTG

Intergroup Trading Up 3.4%

INTG opened at $31.36 on Friday. The stock has a market capitalization of $67.42 million, a P/E ratio of -348.41 and a beta of 0.04. Intergroup has a 12 month low of $11.00 and a 12 month high of $52.00. The firm’s fifty day simple moving average is $37.57 and its 200 day simple moving average is $35.64.

Intergroup (NASDAQ:INTGGet Free Report) last released its earnings results on Monday, May 11th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter. The firm had revenue of $20.37 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in INTG. BlackRock Inc. bought a new stake in Intergroup during the 2nd quarter worth about $106,000. Geode Capital Management LLC bought a new position in shares of Intergroup in the 4th quarter valued at about $202,000. Finally, Qube Research & Technologies Ltd grew its holdings in shares of Intergroup by 11.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 24,795 shares of the financial services provider’s stock valued at $298,000 after acquiring an additional 2,636 shares in the last quarter. Institutional investors own 3.36% of the company’s stock.

About Intergroup

(Get Free Report)

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.

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