Intchains Group (NASDAQ:ICG) Trading Down 4.3%

Intchains Group Limited (NASDAQ:ICG) fell 4.3% during mid-day trading on Tuesday . The company traded as low as $8.30 and last traded at $8.40. 4,260 shares traded hands during trading, a decline of 74% from the average session volume of 16,589 shares. The stock had previously closed at $8.78.

Analyst Ratings Changes

Separately, Benchmark increased their price objective on Intchains Group from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Friday, August 16th.

Intchains Group Stock Performance

The firm has a fifty day simple moving average of $6.86 and a 200 day simple moving average of $7.68. The company has a market cap of $610.77 million, a PE ratio of -100.00 and a beta of 0.79.

Intchains Group (NASDAQ:ICG) last released its earnings results on Thursday, August 15th. The company reported $0.12 earnings per share (EPS) for the quarter. Intchains Group had a net margin of 12.96% and a return on equity of 2.57%. The firm had revenue of $16.93 million during the quarter.

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.