Intergroup (NASDAQ:INTG) Stock Rating Lowered by Wall Street Zen

Intergroup (NASDAQ:INTG) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intergroup in a research report on Monday, July 6th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Intergroup Stock Performance

Shares of INTG stock opened at $31.36 on Friday. The firm has a market cap of $67.42 million, a P/E ratio of -348.41 and a beta of 0.04. The firm’s 50 day moving average price is $37.57 and its 200-day moving average price is $35.69. Intergroup has a one year low of $11.00 and a one year high of $52.00.

Intergroup (NASDAQ:INTG) last posted its earnings results on Monday, May 11th. The financial services provider reported $0.21 earnings per share for the quarter. The company had revenue of $20.37 million during the quarter.

Institutional Trading of Intergroup

Institutional investors have recently bought and sold shares of the business. Qube Research & Technologies Ltd lifted its stake in Intergroup by 11.9% during the second quarter. Qube Research & Technologies Ltd now owns 24,795 shares of the financial services provider’s stock worth $298,000 after purchasing an additional 2,636 shares during the last quarter. Geode Capital Management LLC purchased a new stake in Intergroup in the fourth quarter valued at $202,000. Finally, BlackRock Inc. acquired a new position in Intergroup in the second quarter valued at $106,000. 3.36% of the stock is owned by hedge funds and other institutional investors.

Intergroup Company Profile

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.