Iclick Interactive Asia Group (NASDAQ:ICLK) Cut to Hold at ValuEngine

Iclick Interactive Asia Group (NASDAQ:ICLK) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Thursday, ValuEngine reports.

Several other equities research analysts also recently issued reports on the company. Roth Capital set a $7.00 price objective on Iclick Interactive Asia Group and gave the stock a “buy” rating in a research note on Monday, August 26th. Benchmark reduced their price objective on Iclick Interactive Asia Group from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. Finally, Zacks Investment Research downgraded Iclick Interactive Asia Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 28th.

Shares of NASDAQ ICLK opened at $3.24 on Thursday. Iclick Interactive Asia Group has a 12 month low of $2.72 and a 12 month high of $5.90. The company has a market cap of $175.35 million, a price-to-earnings ratio of -36.00 and a beta of 1.55. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $3.00 and a 200-day simple moving average of $3.51.

Iclick Interactive Asia Group (NASDAQ:ICLK) last announced its earnings results on Monday, August 26th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Iclick Interactive Asia Group had a negative net margin of 20.49% and a negative return on equity of 5.70%. The company had revenue of $49.35 million for the quarter, compared to analysts’ expectations of $48.00 million. As a group, sell-side analysts expect that Iclick Interactive Asia Group will post -0.25 EPS for the current fiscal year.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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