Shares of Amber International Holding Limited – Sponsored ADR (NASDAQ:AMBR – Get Free Report) passed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $1.65 and traded as low as $1.57. Amber International shares last traded at $1.61, with a volume of 59,091 shares changing hands.
Wall Street Analysts Forecast Growth
AMBR has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Amber International from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, September 18th. Wall Street Zen upgraded Amber International to a “hold” rating in a report on Saturday, October 24th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Amber International has an average rating of “Hold”.
Read Our Latest Stock Analysis on AMBR
Amber International Stock Performance
The firm has a market capitalization of $184.79 million, a price-to-earnings ratio of 87.50 and a beta of 0.58. The firm has a fifty day moving average price of $1.68 and a 200 day moving average price of $1.82.
Amber International (NASDAQ:AMBR – Get Free Report) last released its quarterly earnings results on Friday, August 14th. The company reported $0.02 earnings per share for the quarter. The business had revenue of $13.92 million for the quarter. Amber International had a positive return on equity of 1.07% and a negative net margin of 0.27%.
About Amber International
Amber International Holding Limited is a digital asset company that provides trading and wealth management services through its Amber Group business. Its offerings are aimed primarily at institutional and high-net-worth clients and include digital asset trading, investment products and related services. The company serves clients across international markets. Amber Group was founded in 2017, and its co-founder Michael Wu has served as its chief executive officer.
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