Intchains Group (NASDAQ:ICG) Stock Price Up 8.2%

Intchains Group Limited (NASDAQ:ICG) shares rose 8.2% during trading on Monday . The stock traded as high as $9.55 and last traded at $9.55. Approximately 238 shares traded hands during trading, a decline of 94% from the average daily volume of 3,956 shares. The stock had previously closed at $8.83.

Intchains Group Stock Performance

The company’s 50 day moving average price is $9.63 and its 200 day moving average price is $9.15.

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

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) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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.