Intchains Group (NASDAQ:ICG) Trading Up 2.5%

Shares of Intchains Group Limited (NASDAQ:ICG) were up 2.5% on Friday . The company traded as high as $8.30 and last traded at $8.30. Approximately 104 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 3,294 shares. The stock had previously closed at $8.10.

Intchains Group Stock Up 2.5 %

The company has a 50 day moving average price of $9.03 and a 200-day moving average price of $9.40.

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

Hedge Funds Weigh In On Intchains Group

An institutional investor recently bought a new position in Intchains Group stock. UBS Group AG purchased a new position in shares of Intchains Group Limited (NASDAQ:ICG) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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.