Shares of India Globalization Capital, Inc. (NYSEAMERICAN:IGC) were down 6.9% during trading on Tuesday . The stock traded as low as $1.06 and last traded at $1.08. Approximately 580,837 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 1,462,838 shares. The stock had previously closed at $1.16.

Institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC purchased a new stake in India Globalization Capital in the 3rd quarter valued at about $137,000. Dearborn Partners LLC lifted its stake in shares of India Globalization Capital by 10.3% in the 1st quarter. Dearborn Partners LLC now owns 102,760 shares of the construction company’s stock valued at $214,000 after purchasing an additional 9,585 shares in the last quarter. Creative Planning acquired a new position in shares of India Globalization Capital in the 1st quarter valued at about $133,000. Morgan Stanley acquired a new position in shares of India Globalization Capital in the 1st quarter valued at about $63,000. Finally, Bank of Montreal Can acquired a new position in shares of India Globalization Capital in the 1st quarter valued at about $135,000.

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India Globalization Capital Company Profile (NYSEAMERICAN:IGC)

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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