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

Wall Street Zen upgraded shares of Intergroup (NASDAQ:INTG) from a sell rating to a hold rating in a report released on Saturday morning.

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

Intergroup Trading Down 0.9%

NASDAQ:INTG opened at $27.76 on Friday. The stock has a 50-day moving average price of $28.80 and a 200 day moving average price of $25.58. The stock has a market capitalization of $59.68 million, a P/E ratio of -48.70 and a beta of 0.20. Intergroup has a 12-month low of $9.57 and a 12-month high of $42.50.

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

Hedge Funds Weigh In On Intergroup

A hedge fund recently raised its stake in Intergroup stock. Qube Research & Technologies Ltd grew its holdings in shares of The Intergroup Corporation (NASDAQ:INTG) by 11.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,795 shares of the financial services provider’s stock after buying an additional 2,636 shares during the quarter. Qube Research & Technologies Ltd owned 1.15% of Intergroup worth $298,000 at the end of the most recent reporting period. 3.36% of the stock is currently owned by 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.