Intchains Group (NASDAQ:ICG) Issues Earnings Results

Intchains Group (NASDAQ:ICG - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02), Zacks reports. Intchains Group had a return on equity of 4.77% and a net margin of 19.08%. The business had revenue of $10.16 million for the quarter, compared to analysts' expectations of $14.88 million.

Intchains Group Trading Down 14.2 %

Shares of ICG traded down $0.56 during midday trading on Monday, reaching $3.39. 12,102 shares of the company were exchanged, compared to its average volume of 191,333. Intchains Group has a 1-year low of $2.80 and a 1-year high of $12.04. The company has a market cap of $203.34 million, a price-to-earnings ratio of 30.82 and a beta of 1.35. The stock has a 50-day moving average price of $4.35 and a 200-day moving average price of $4.99.

About Intchains Group

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.