Wall Street Zen Upgrades Amber International (NASDAQ:AMBR) to "Hold"

Key Points

• Wall Street Zen upgraded Amber International to “Hold,” while Weiss Ratings slightly improved its rating from “sell (d-)” to “sell (d).” MarketBeat’s consensus rating remains “Hold,” based on one Buy and one Sell rating.
• Amber International shares opened at $1.59, versus a 52-week range of $0.83 to $3.16, with a market capitalization of approximately $149.9 million and a P/E ratio of 159.16.
• The company reported quarterly EPS of $0.02 on revenue of $13.92 million, but posted a negative net margin of 0.27%. SmartHarvest Portfolios increased its holdings by 60% to 32,215 shares.

Amber International (NASDAQ:AMBR - Get Free Report) was upgraded by investment analysts at Wall Street Zen to a "hold" rating in a report released on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings raised shares of Amber International from a "sell (d-)" rating to a "sell (d)" rating in a report on Friday, September 18th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold".

Amber International Price Performance

Shares of Amber International stock opened at $1.59 on Friday. Amber International has a fifty-two week low of $0.83 and a fifty-two week high of $3.16. The company's 50 day moving average price is $1.48 and its two-hundred day moving average price is $1.63. The firm has a market capitalization of $149.90 million, a P/E ratio of 159.16 and a beta of 0.68.

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

Institutional Investors 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 - Free Report) by 60.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,215 shares of the company's stock after purchasing an additional 12,081 shares during the period. SmartHarvest Portfolios LLC owned 0.36% of Amber International worth $76,000 as of its most recent filing with the SEC.

Amber International Company Profile

Amber International Holding Limited NASDAQ: AMBR is a marketing services company that provides digital advertising and related promotional solutions. Through its operating subsidiaries, the company helps businesses develop and execute marketing campaigns intended to improve brand visibility, customer engagement and business growth.

Its services generally include digital media placement, content and creative marketing, social media promotion, search-related marketing and other campaign support.

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