Amber International (NASDAQ:AMBR) Shares Up 5.1% – Should You Buy?

Amber International Holding Limited – Sponsored ADR (NASDAQ:AMBR)’s stock price shot up 5.1% during mid-day trading on Tuesday . The company traded as high as $2.00 and last traded at $1.86. 52,034 shares were traded during trading, an increase of 21% from the average session volume of 42,854 shares. The stock had previously closed at $1.77.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Amber International in a research note on Monday, April 20th. Citigroup reiterated a “positive” rating on shares of Amber International in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Amber International presently has a consensus rating of “Hold”.

Amber International Stock Down 7.1%

The firm has a market capitalization of $16.25 million, a P/E ratio of 36.61 and a beta of 0.67. The firm has a 50 day moving average of $2.27 and a 200-day moving average of $2.16.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. SmartHarvest Portfolios LLC raised its position in Amber International by 60.0% during the first quarter. SmartHarvest Portfolios LLC now owns 32,215 shares of the company’s stock valued at $76,000 after purchasing an additional 12,081 shares in the last quarter. Two Sigma Investments LP acquired a new position in Amber International during the third quarter valued at approximately $42,000. Qube Research & Technologies Ltd acquired a new position in Amber International during the third quarter valued at approximately $52,000. Millennium Management LLC acquired a new position in Amber International during the third quarter valued at approximately $98,000. Finally, XTX Topco Ltd acquired a new position in Amber International during the fourth quarter valued at approximately $71,000.

Amber International Company Profile

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.