Iclick Interactive Asia Group (NASDAQ:ICLK) Downgraded by Zacks Investment Research

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Zacks Investment Research lowered shares of Iclick Interactive Asia Group (NASDAQ:ICLK) from a buy rating to a hold rating in a report published on Saturday morning, Zacks.com reports.

According to Zacks, “iClick Interactive Asia Group Limited provides an online marketing technology platform. The Company offer digital marketing, data analysis, display solutions, software development and other services. iClick Interactive Asia Group Limited is based in HONG KONG. “

Separately, ValuEngine raised Iclick Interactive Asia Group from a hold rating to a buy rating in a research report on Thursday, August 1st.

Shares of Iclick Interactive Asia Group stock opened at $3.64 on Friday. The business has a fifty day moving average of $3.69. The firm has a market capitalization of $213.14 million, a P/E ratio of -40.44 and a beta of 1.55. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.45 and a current ratio of 1.45. Iclick Interactive Asia Group has a 1 year low of $2.72 and a 1 year high of $6.49.

Iclick Interactive Asia Group (NASDAQ:ICLK) last announced its quarterly earnings data on Wednesday, May 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.03. The business had revenue of $39.22 million for the quarter, compared to the consensus estimate of $40.10 million. Iclick Interactive Asia Group had a negative net margin of 20.99% and a negative return on equity of 3.76%. On average, analysts anticipate that Iclick Interactive Asia Group will post -0.19 earnings per share for the current year.

An institutional investor recently bought a new position in Iclick Interactive Asia Group stock. Measured Wealth Private Client Group LLC bought a new position in Iclick Interactive Asia Group Ltd (NASDAQ:ICLK) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 315,500 shares of the company’s stock, valued at approximately $1,123,000. Iclick Interactive Asia Group accounts for 0.7% of Measured Wealth Private Client Group LLC’s investment portfolio, making the stock its 24th biggest holding. Measured Wealth Private Client Group LLC owned approximately 0.59% of Iclick Interactive Asia Group at the end of the most recent quarter. 0.39% of the stock is currently owned by institutional investors.

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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