Amber International (NASDAQ:AMBR) Stock Price Down 9.5% – What’s Next?

Amber International Holding Limited – Sponsored ADR (NASDAQ:AMBR) was down 9.5% during trading on Friday . The company traded as low as $1.97 and last traded at $2.01. Approximately 80,085 shares changed hands during mid-day trading, an increase of 29% from the average daily volume of 62,162 shares. The stock had previously closed at $2.22.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Amber International in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Amber International Stock Performance

The company’s fifty day simple moving average is $2.39 and its 200-day simple moving average is $2.27. The company has a market capitalization of $17.84 million, a P/E ratio of 50.25 and a beta of 0.78.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd purchased a new stake in shares of Amber International during the fourth quarter valued at about $71,000. Millennium Management LLC lifted its position in shares of Amber International by 109.5% during the fourth quarter. Millennium Management LLC now owns 61,098 shares of the company’s stock valued at $106,000 after buying an additional 31,932 shares during the last quarter. Clear Street Group Inc. purchased a new stake in shares of Amber International during the fourth quarter valued at about $157,000. SmartHarvest Portfolios LLC purchased a new stake in shares of Amber International during the fourth quarter valued at about $35,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of Amber International during the third quarter valued at about $191,000.

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.