Zacks Investment Research downgraded shares of Iclick Interactive Asia Group (NASDAQ:ICLK) from a buy rating to a hold rating in a report published on Saturday, Zacks.com reports.
According to Zacks, “iClick Interactive Asia Group Limited provides an online marketing technology platform. The Company offer digital marketing, data analysis, display solutions, software development and other services. iClick Interactive Asia Group Limited is based in HONG KONG. “
Separately, ValuEngine upgraded Iclick Interactive Asia Group from a hold rating to a buy rating in a research report on Thursday.
Shares of NASDAQ ICLK traded down $0.06 during mid-day trading on Friday, reaching $3.74. The company had a trading volume of 76,096 shares, compared to its average volume of 53,459. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.45 and a current ratio of 1.45. Iclick Interactive Asia Group has a one year low of $2.72 and a one year high of $6.49. The firm has a market cap of $216.55 million, a price-to-earnings ratio of -41.56 and a beta of 1.55. The company has a 50-day moving average price of $3.70.
Iclick Interactive Asia Group (NASDAQ:ICLK) last issued its quarterly earnings results on Wednesday, May 29th. The company reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.03. Iclick Interactive Asia Group had a negative return on equity of 3.76% and a negative net margin of 20.99%. The company had revenue of $39.22 million for the quarter, compared to analysts’ expectations of $40.10 million. Equities research analysts predict that Iclick Interactive Asia Group will post -0.19 EPS for the current fiscal year.
An institutional investor recently bought a new position in Iclick Interactive Asia Group stock. Measured Wealth Private Client Group LLC purchased a new position in Iclick Interactive Asia Group Ltd (NASDAQ:ICLK) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 315,500 shares of the company’s stock, valued at approximately $1,123,000. Iclick Interactive Asia Group accounts for 0.7% of Measured Wealth Private Client Group LLC’s investment portfolio, making the stock its 24th largest position. Measured Wealth Private Client Group LLC owned approximately 0.59% of Iclick Interactive Asia Group as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 0.65% of the company’s stock.
Iclick Interactive Asia Group Company Profile
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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