The InterGroup (NASDAQ:INTG) Stock Passes Below 200 Day Moving Average of $47.70

The InterGroup Co. (NASDAQ:INTG – Get Rating)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $47.70 and traded as low as $39.97. The InterGroup shares last traded at $39.97, with a volume of 227 shares traded.

Analyst Upgrades and Downgrades

Separately, TheStreet lowered The InterGroup from a “c-” rating to a “d+” rating in a research note on Thursday, January 26th.

The InterGroup Trading Down 0.9 %

The firm has a 50-day simple moving average of $43.89 and a two-hundred day simple moving average of $47.70.

Hedge Funds Weigh In On The InterGroup

An institutional investor recently raised its position in The InterGroup stock. UBS Group AG grew its holdings in shares of The InterGroup Co. (NASDAQ:INTG – Get Rating) by 3,033.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 658 shares of the financial services provider’s stock after purchasing an additional 637 shares during the period. UBS Group AG’s holdings in The InterGroup were worth $34,000 at the end of the most recent quarter. 1.32% of the stock is owned by hedge funds and other institutional investors.

About The InterGroup

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InterGroup Corp. engages in the purchasing, development, operation, rehabilitation, and disposal of real property of various types and description. It operates through the following business segments: Hotel Operations, Real Estate Operations, and Investment Transactions. The Hotel Operations handles the business activities of hotels.