India Globalization Capital, Inc. (NYSEAMERICAN:IGC)’s share price traded up 8.7% during mid-day trading on Thursday . The company traded as high as $1.17 and last traded at $1.13. 2,230,027 shares were traded during mid-day trading, a decline of 53% from the average session volume of 4,793,768 shares. The stock had previously closed at $1.04.
India Globalization Capital (NYSEAMERICAN:IGC) last posted its quarterly earnings results on Wednesday, August 19th. The construction company reported ($0.05) EPS for the quarter. The company had revenue of $0.58 million during the quarter.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in shares of India Globalization Capital by 176.0% during the 1st quarter. BlackRock Inc. now owns 94,544 shares of the construction company’s stock worth $47,000 after buying an additional 60,290 shares in the last quarter. Virtu Financial LLC purchased a new stake in India Globalization Capital in the 2nd quarter valued at $66,000. Bridgeway Capital Management Inc. purchased a new stake in India Globalization Capital in the 2nd quarter valued at $76,000. Finally, Carroll Financial Associates Inc. raised its position in India Globalization Capital by 139.5% in the 2nd quarter. Carroll Financial Associates Inc. now owns 515,000 shares of the construction company’s stock valued at $308,000 after buying an additional 300,000 shares during the last quarter.
India Globalization Capital, Inc engages in the development and commercialization of cannabis-based therapies to treat Alzheimer's, pain, nausea, eating disorders, several end points of Parkinson's, and epilepsy in humans, dogs, and cats. The company operates through two segments, Legacy Infrastructure and Medical Cannabis Based Alternative Therapies.
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