Amber International (NASDAQ:AMBR) Shares Down 23.8% - What's Next?

Key Points

• Amber International shares fell 23.8% to $0.9448, with trading volume surging 1,260% above the average. The stock is trading well below its 50-day and 200-day moving averages of $1.41 and $1.92, respectively.
• The company reported a quarterly loss of $0.01 per share on revenue of $10.03 million, alongside a negative net margin of 1.43% and negative return on equity of 0.72%.
• Analyst sentiment is mixed: Citigroup maintained a positive rating, while Weiss Ratings downgraded the stock’s sell grade; overall, MarketBeat reports a consensus rating of “Hold.”

Shares of Amber International Holding Limited - Sponsored ADR (NASDAQ:AMBR - Get Free Report) were down 23.8% during trading on Wednesday . The stock traded as low as $0.83 and last traded at $0.9448. Approximately 189,942 shares traded hands during trading, an increase of 1,260% from the average daily volume of 13,968 shares. The stock had previously closed at $1.24.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Citigroup restated a "positive" rating on shares of Amber International in a research report on Tuesday, April 28th. Weiss Ratings lowered Amber International from a "sell (d)" rating to a "sell (d-)" rating in a research report 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. According to MarketBeat, the company currently has an average rating of "Hold".

Amber International Stock Down 23.8%

The firm's fifty day simple moving average is $1.41 and its 200 day simple moving average is $1.92.

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

Institutional Trading of Amber International

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

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.

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