Amber International (NASDAQ:AMBR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Amber International (NASDAQ:AMBR) to a hold rating in a report released on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of Amber International from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, September 18th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Amber International currently has an average rating of “Hold”.

Amber International Stock Down 6.9%

Shares of AMBR opened at $1.48 on Friday. The firm has a 50-day moving average price of $1.49 and a 200 day moving average price of $1.88. The firm has a market capitalization of $139.53 million, a PE ratio of 148.15 and a beta of 0.68. Amber International has a 52-week low of $0.83 and a 52-week high of $3.16.

Amber International (NASDAQ:AMBR) last released its earnings results on Friday, August 14th. The company reported $0.02 EPS for the quarter. Amber International had a negative net margin of 0.27% and a positive return on equity of 1.07%. The firm had revenue of $13.92 million for the quarter.

Hedge Funds Weigh In On Amber International

A hedge fund recently raised its position in Amber International stock. SmartHarvest Portfolios LLC lifted its holdings in Amber International Holding Limited – Sponsored ADR (NASDAQ:AMBR) by 60.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,215 shares of the company’s stock after purchasing an additional 12,081 shares during the period. SmartHarvest Portfolios LLC owned about 0.36% of Amber International worth $76,000 at the end of the most recent reporting period.

About Amber International

Amber International Holding Limited (NASDAQ: AMBR) is a digital asset company that provides trading and related financial services through its technology platform. The company’s activities include digital asset trading, liquidity provision, custody and financing services, as well as infrastructure solutions designed for institutional and other professional market participants.

Its platform is intended to serve a range of clients, including institutions, corporate customers and individual users.