Intchains Group (NASDAQ:ICG) Shares Gap Up to $8.40

Intchains Group Limited (NASDAQ:ICG) gapped up prior to trading on Thursday . The stock had previously closed at $8.40, but opened at $8.66. Intchains Group shares last traded at $8.87, with a volume of 534 shares trading hands.

Intchains Group Trading Up 2.4 %

The company has a market cap of $514.45 million and a P/E ratio of -207.00. The business has a 50 day moving average price of $9.58 and a 200-day moving average price of $9.15.

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

Institutional Investors Weigh In On Intchains Group

A hedge fund recently bought a new stake in Intchains Group stock. UBS Group AG acquired a new stake in Intchains Group Limited (NASDAQ:ICG) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 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.