Amber International (NASDAQ:AMBR) Trading Up 2.7% – Should You Buy?

Amber International Holding Limited – Sponsored ADR (NASDAQ:AMBR)’s stock price shot up 2.7% during mid-day trading on Monday . The company traded as high as $1.60 and last traded at $1.54. 33,605 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 57,612 shares. The stock had previously closed at $1.50.

Analysts Set New Price Targets

A number of brokerages have recently commented on AMBR. Citigroup reaffirmed a “positive” rating on shares of Amber International in a research note on Tuesday, April 28th. Weiss Ratings cut shares of Amber International from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Amber International Stock Performance

The stock has a 50-day moving average price of $1.83 and a 200 day moving average price of $2.12.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. SmartHarvest Portfolios LLC purchased a new position in shares of Amber International during the 4th quarter valued at approximately $35,000. Two Sigma Investments LP purchased a new stake in Amber International in the 3rd quarter worth $42,000. Qube Research & Technologies Ltd acquired a new position in Amber International during the third quarter worth $52,000. XTX Topco Ltd acquired a new position in Amber International during the fourth quarter worth $71,000. Finally, Millennium Management LLC purchased a new position in Amber International during the third quarter valued at $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.