Amber International (NASDAQ:AMBR) Trading Up 2.7% – Here’s What Happened

Amber International Holding Limited – Sponsored ADR (NASDAQ:AMBR) traded up 2.7% during trading on Monday . The company traded as high as $1.60 and last traded at $1.54. Approximately 33,605 shares were traded during trading, a decline of 42% from the average daily volume of 57,612 shares. The stock had previously closed at $1.50.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AMBR shares. Citigroup reissued a “positive” rating on shares of Amber International in a report on Tuesday, April 28th. Weiss Ratings cut Amber International from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Amber International Price Performance

The stock’s fifty day simple moving average is $1.81 and its two-hundred day simple moving average is $2.12.

Amber International (NASDAQ:AMBR) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.01) earnings per share (EPS) for the quarter. Amber International had a negative return on equity of 0.72% and a negative net margin of 1.43%.The business had revenue of $10.03 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. SmartHarvest Portfolios LLC bought a new position in shares of Amber International in the fourth quarter valued at $35,000. Two Sigma Investments LP bought a new stake in shares of Amber International during the 3rd quarter worth $42,000. Qube Research & Technologies Ltd bought a new stake in shares of Amber International during the 3rd quarter worth $52,000. XTX Topco Ltd acquired a new position in shares of Amber International in the 4th quarter worth $71,000. Finally, Millennium Management LLC acquired a new position in shares of Amber International in the 3rd quarter worth $98,000.

About Amber International

iClick Interactive Asia Group Limited, together with its subsidiaries, provides online marketing services in the People’s Republic of China and internationally. It offers iAudience, an audience identification solution that allows marketers to search, identify, and customize their targeted audience to generate or enhance brand awareness; iAccess and iActivation, an audience engagement and activation solution tailored for brand awareness-driven and performance-driven campaigns; iExpress, the lite version of iAccess solution for small and medium-sized enterprises; iNsights, an online campaign results monitoring and measurement solution; and iExperience, a content creation solution.