Intergroup (NASDAQ:INTG) Upgraded to Hold at Wall Street Zen

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

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Intergroup in a report on Friday, January 9th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Intergroup Stock Performance

Shares of NASDAQ INTG opened at $27.76 on Friday. Intergroup has a 1 year low of $9.57 and a 1 year high of $42.50. The firm has a market cap of $59.68 million, a P/E ratio of -48.70 and a beta of 0.20. The stock has a fifty day moving average price of $28.80 and a two-hundred day moving average price of $25.47.

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

Institutional Investors Weigh In On Intergroup

A hedge fund recently raised its stake in Intergroup stock. Qube Research & Technologies Ltd lifted its stake in The Intergroup Corporation (NASDAQ:INTG) by 11.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,795 shares of the financial services provider’s stock after purchasing an additional 2,636 shares during the quarter. Qube Research & Technologies Ltd owned 1.15% of Intergroup worth $298,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 3.36% of the company’s stock.

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.