Intergroup (NASDAQ:INTG) Releases Quarterly Earnings Results

Intergroup (NASDAQ:INTG) announced its quarterly earnings results on Monday. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $20.37 million for the quarter.

Intergroup Price Performance

Shares of INTG traded up $1.81 during trading hours on Monday, reaching $38.65. 21,482 shares of the company’s stock traded hands, compared to its average volume of 20,219. The firm has a market capitalization of $83.09 million, a price-to-earnings ratio of -66.64 and a beta of 0.08. Intergroup has a twelve month low of $9.57 and a twelve month high of $43.83. The business’s fifty day simple moving average is $36.23 and its two-hundred day simple moving average is $32.83.

Institutional Trading of Intergroup

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

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Intergroup from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Intergroup in a research report on Wednesday, April 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Intergroup presently has a consensus rating of “Sell”.

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.