Amber International (NASDAQ:AMBR) Share Price Breaks Above 200-Day Moving Average – What’s Next?

Shares of Amber International Holding Limited – Sponsored ADR (NASDAQ:AMBR) passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $1.86 and traded as high as $1.98. Amber International shares last traded at $1.90, with a volume of 106,944 shares.

Analyst Ratings Changes

Several brokerages have recently issued reports on AMBR. Weiss Ratings upgraded Amber International from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, September 18th. Wall Street Zen raised Amber International to a “hold” rating in a research note on Saturday, October 24th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Amber International has an average rating of “Hold”.

Amber International Price Performance

The stock has a market capitalization of $171.59 million, a P/E ratio of 94.50 and a beta of 0.58. The stock’s fifty day moving average is $1.58 and its 200-day moving average is $1.85.

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

About Amber International

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.