Shares of Iclick Interactive Asia Group Ltd (NASDAQ:ICLK) reached a new 52-week low on Thursday . The stock traded as low as $3.30 and last traded at $3.46, with a volume of 1800 shares trading hands. The stock had previously closed at $3.62.
Separately, Zacks Investment Research downgraded 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 $172.19 million and a price-to-earnings ratio of -4.48.
Several institutional investors have recently bought and sold shares of ICLK. Millennium Management LLC bought a new stake in shares of Iclick Interactive Asia Group during the first quarter valued at approximately $121,000. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Iclick Interactive Asia Group during the second quarter valued at approximately $168,000. Finally, Jane Street Group LLC bought a new stake in shares of Iclick Interactive Asia Group during the second quarter valued at approximately $762,000. 1.02% of the stock is owned by hedge funds and other institutional investors.
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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