Intchains Group (NASDAQ:ICG) Trading 2.5% Higher

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

Intchains Group Price Performance

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

Intchains Group (NASDAQ:ICG) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.02 earnings per share 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%.

Institutional Inflows and Outflows

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

About Intchains Group

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.