Iclick Interactive Asia Group (ICLK) Reaches New 52-Week Low at $3.40

Iclick Interactive Asia Group Ltd (NASDAQ:ICLK) hit a new 52-week low during trading on Thursday . The stock traded as low as $3.40 and last traded at $3.48, with a volume of 2944 shares trading hands. The stock had previously closed at $3.66.

Several equities research analysts have commented on ICLK shares. Benchmark started coverage on shares of Iclick Interactive Asia Group in a research note on Tuesday, June 19th. They issued a “buy” rating on the stock. Zacks Investment Research lowered shares of Iclick Interactive Asia Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th.

The company has a market cap of $201.06 million and a P/E ratio of -4.77.

Iclick Interactive Asia Group (NASDAQ:ICLK) last announced its quarterly earnings results on Thursday, August 23rd. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01. The firm had revenue of $42.70 million during the quarter, compared to analyst estimates of $40.34 million. As a group, equities research analysts expect that Iclick Interactive Asia Group Ltd will post -0.09 earnings per share for the current year.

Large investors have recently made changes to their positions in the business. Millennium Management LLC acquired a new position in shares of Iclick Interactive Asia Group during the first quarter valued at approximately $121,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Iclick Interactive Asia Group during the second quarter valued at approximately $168,000. Finally, Jane Street Group LLC acquired a new position in shares of Iclick Interactive Asia Group during the second quarter valued at approximately $762,000. Institutional investors own 1.02% 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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