Intergroup (NASDAQ:INTG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Intergroup (NASDAQ:INTG) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intergroup in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Intergroup Stock Performance

Intergroup stock opened at $27.76 on Friday. The stock has a market capitalization of $59.68 million, a P/E ratio of -48.70 and a beta of 0.20. The company’s fifty day moving average price is $28.78 and its 200 day moving average price is $25.80. Intergroup has a 1 year low of $9.57 and a 1 year high of $42.50.

Intergroup (NASDAQ:INTG) last posted its quarterly earnings data on Thursday, February 12th. The financial services provider reported $0.71 earnings per share for the quarter. The company had revenue of $17.30 million for the quarter.

Hedge Funds Weigh In On Intergroup

An institutional investor recently bought a new position in Intergroup stock. Geode Capital Management LLC acquired a new stake in The Intergroup Corporation (NASDAQ:INTG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,120 shares of the financial services provider’s stock, valued at approximately $202,000. Geode Capital Management LLC owned about 0.33% of Intergroup at the end of the most recent quarter. 3.36% of the stock is owned by hedge funds and other institutional investors.

About Intergroup

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.