Intchains Group (NASDAQ:ICG) Issues Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Intchains Group (NASDAQ:ICG) issued its quarterly earnings results on Thursday. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.02), Zacks reports. Intchains Group had a return on equity of 4.77% and a net margin of 19.08%.

Intchains Group Stock Down 2.8 %

Shares of NASDAQ ICG opened at $3.81 on Friday. The firm’s 50-day simple moving average is $4.52 and its 200 day simple moving average is $5.03. The company has a market cap of $228.47 million, a price-to-earnings ratio of 34.63 and a beta of 1.35. Intchains Group has a 12-month low of $2.80 and a 12-month high of $12.04.

Intchains Group Company Profile

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