Intergroup (NASDAQ:INTG) Shares Cross Above 50-Day Moving Average – Time to Sell?

The Intergroup Corporation (NASDAQ:INTG) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $29.04 and traded as high as $30.35. Intergroup shares last traded at $28.73, with a volume of 10,371 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on INTG. Wall Street Zen raised Intergroup to a “sell” rating in a research note on Friday, November 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intergroup in a research report on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Intergroup Price Performance

The firm has a market capitalization of $61.77 million, a price-to-earnings ratio of -11.31 and a beta of 0.20. The firm has a 50 day moving average price of $29.04 and a 200-day moving average price of $25.19.

Intergroup (NASDAQ:INTG) last released its earnings results on Wednesday, November 12th. The financial services provider reported ($0.25) EPS for the quarter. The company had revenue of $17.91 million during the quarter.

Institutional Trading of Intergroup

An institutional investor recently raised its position in Intergroup stock. Qube Research & Technologies Ltd boosted its position in shares of The Intergroup Corporation (NASDAQ:INTG) by 11.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,795 shares of the financial services provider’s stock after acquiring an additional 2,636 shares during the period. Qube Research & Technologies Ltd owned about 1.15% of Intergroup worth $298,000 as of its most recent SEC filing. Institutional investors and hedge funds own 3.36% of the company’s stock.

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.