Intchains Group Limited (NASDAQ:ICG – Get Free Report)’s stock price dropped 8.1% during mid-day trading on Thursday . The stock traded as low as $8.50 and last traded at $8.87. Approximately 12,661 shares traded hands during mid-day trading, an increase of 229% from the average daily volume of 3,846 shares. The stock had previously closed at $9.65.
Intchains Group Stock Down 6.2 %
The stock has a market capitalization of $541.19 million and a PE ratio of -226.18. The firm has a 50 day moving average price of $8.94 and a 200-day moving average price of $9.45.
Intchains Group (NASDAQ:ICG – Get Free Report) 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 firm had revenue of $4.99 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.
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