Iclick Interactive Asia Group (NASDAQ:ICLK) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Wednesday, January 2nd.
Separately, Zacks Investment Research raised Iclick Interactive Asia Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th.
Shares of NASDAQ ICLK traded down $0.03 during midday trading on Wednesday, hitting $3.45. 54,760 shares of the company’s stock were exchanged, compared to its average volume of 71,300. The firm has a market capitalization of $178.04 million and a price-to-earnings ratio of -4.48. Iclick Interactive Asia Group has a 12-month low of $2.72 and a 12-month high of $9.20.
Iclick Interactive Asia Group (NASDAQ:ICLK) last announced its earnings results on Wednesday, November 28th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. The company had revenue of $42.59 million during the quarter, compared to the consensus estimate of $41.54 million. Iclick Interactive Asia Group had a negative return on equity of 8.74% and a negative net margin of 20.72%. As a group, analysts anticipate that Iclick Interactive Asia Group will post -0.32 EPS for the current year.
An institutional investor recently raised its position in Iclick Interactive Asia Group stock. Pinnacle Associates Ltd. raised its position in Iclick Interactive Asia Group Ltd (NASDAQ:ICLK) by 97.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,160 shares of the company’s stock after acquiring an additional 14,380 shares during the quarter. Pinnacle Associates Ltd. owned approximately 0.06% of Iclick Interactive Asia Group worth $114,000 at the end of the most recent quarter. Institutional investors own 0.81% 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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