Iclick Interactive Asia Group (NASDAQ:ICLK) Shares Cross Above 200 Day Moving Average of $3.82

Iclick Interactive Asia Group Ltd (NASDAQ:ICLK)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.82 and traded as high as $3.06. Iclick Interactive Asia Group shares last traded at $3.02, with a volume of 11,481 shares.

A number of equities research analysts recently commented on ICLK shares. ValuEngine raised Iclick Interactive Asia Group from a “hold” rating to a “buy” rating in a research note on Wednesday, September 4th. Zacks Investment Research lowered Iclick Interactive Asia Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 28th. Roth Capital set a $7.00 target price on Iclick Interactive Asia Group and gave the stock a “buy” rating in a report on Monday, August 26th. Finally, Benchmark decreased their target price on Iclick Interactive Asia Group from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th.

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market cap of $170.39 million, a P/E ratio of -33.72 and a beta of 1.56. The company’s 50 day simple moving average is $3.32 and its 200 day simple moving average is $3.82.

Iclick Interactive Asia Group (NASDAQ:ICLK) last announced its quarterly earnings results on Monday, August 26th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Iclick Interactive Asia Group had a negative return on equity of 5.70% and a negative net margin of 20.49%. The firm had revenue of $49.35 million for the quarter, compared to the consensus estimate of $48.00 million. On average, equities research analysts predict that Iclick Interactive Asia Group Ltd will post -0.25 earnings per share for the current year.

An institutional investor recently bought a new position in Iclick Interactive Asia Group stock. Measured Wealth Private Client Group LLC purchased a new stake in Iclick Interactive Asia Group Ltd (NASDAQ:ICLK) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 315,500 shares of the company’s stock, valued at approximately $1,123,000. Iclick Interactive Asia Group makes up about 0.7% of Measured Wealth Private Client Group LLC’s holdings, making the stock its 24th biggest position. Measured Wealth Private Client Group LLC owned about 0.59% of Iclick Interactive Asia Group at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.32% of the company’s stock.

About Iclick Interactive Asia Group (NASDAQ:ICLK)

iClick Interactive Asia Group Limited, together with its subsidiaries, provides online marketing services in the People's Republic of China, Hong Kong, and internationally. The company offers mobile audience solutions, which are non-search engine marketing solutions designed to identify, engage, and activate audience on mobile apps, and monitor and measure the results of online marketing activities on such channels; and other solutions that focuses on identifying, engaging, and activating audience on non-mobile app content distribution channels comprising PC banner displays, PC video advertisements, and search engine marketing.

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