Intchains Group (NASDAQ:ICG) Trading 2.5% Higher

Intchains Group Limited (NASDAQ:ICG)’s stock price traded up 2.5% on Friday . The stock traded as high as $8.30 and last traded at $8.30. 104 shares changed hands during trading, a decline of 97% from the average session volume of 3,294 shares. The stock had previously closed at $8.10.

Intchains Group Stock Performance

The firm has a market cap of $496.51 million and a P/E ratio of -207.50. The company has a 50 day moving average of $9.03 and a 200 day moving average of $9.38.

Intchains Group (NASDAQ:ICG) last posted its earnings results on Wednesday, February 28th. The company reported $0.02 earnings per share for the quarter. Intchains Group had a negative return on equity of 2.70% and a negative net margin of 31.11%. The firm had revenue of $4.99 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Intchains Group stock. UBS Group AG purchased a new stake in Intchains Group Limited (NASDAQ:ICG) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,974 shares of the company’s stock, valued at approximately $34,000.

Intchains Group Company Profile

Intchains Group Limited designs and sells application-specific integrated circuit chips and ancillary software and hardware for blockchain applications in the People's Republic of China. It serves distributors, companies, and individuals. Intchains Group Limited was founded in 2017 and is based in Pudong, China.