Wall Street Zen Upgrades Amber International (NASDAQ:AMBR) to “Hold”

Amber International (NASDAQ:AMBR – Get Free Report) was upgraded by Wall Street Zen to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings upgraded Amber International from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, September 18th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Check Out Our Latest Stock Analysis on AMBR

Amber International Price Performance

NASDAQ:AMBR opened at $1.59 on Friday. The firm has a market cap of $149.91 million, a PE ratio of 159.16 and a beta of 0.68. The firm has a 50 day simple moving average of $1.48 and a 200-day simple moving average of $1.62. Amber International has a 1-year low of $0.83 and a 1-year high of $3.16.

Amber International (NASDAQ:AMBR – Get Free Report) last announced its earnings results on Friday, August 14th. The company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $13.92 million for the quarter. Amber International had a negative net margin of 0.27% and a positive return on equity of 1.07%.

Institutional Trading of Amber International

A hedge fund recently raised its stake in Amber International stock. SmartHarvest Portfolios LLC raised its position in shares of Amber International Holding Limited – Sponsored ADR (NASDAQ:AMBR – Free Report) by 60.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,215 shares of the company’s stock after acquiring an additional 12,081 shares during the period. SmartHarvest Portfolios LLC owned approximately 0.36% of Amber International worth $76,000 at the end of the most recent reporting period.

Amber International Company Profile

(Get Free Report)

Amber International Holding Limited (NASDAQ: AMBR) is a digital asset company that provides trading and related financial services through its technology platform. The company’s activities include digital asset trading, liquidity provision, custody and financing services, as well as infrastructure solutions designed for institutional and other professional market participants.

Its platform is intended to serve a range of clients, including institutions, corporate customers and individual users.

Further Reading

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