iClick Interactive Asia Group (NASDAQ:ICLK) Rating Lowered to D at TheStreet

iClick Interactive Asia Group (NASDAQ:ICLKGet Rating) was downgraded by equities researchers at TheStreet from a “c-” rating to a “d” rating in a research report issued on Wednesday, TheStreetRatingsTable reports.

Other research analysts have also recently issued research reports about the company. Alliance Global Partners cut iClick Interactive Asia Group from a “buy” rating to a “neutral” rating in a research report on Thursday, March 24th. Benchmark decreased their price target on iClick Interactive Asia Group from $8.00 to $2.00 and set a “buy” rating on the stock in a research report on Tuesday, May 31st.

Shares of iClick Interactive Asia Group stock opened at $0.59 on Wednesday. The business has a fifty day simple moving average of $0.83 and a two-hundred day simple moving average of $2.51. iClick Interactive Asia Group has a 1 year low of $0.56 and a 1 year high of $11.70. The company has a market capitalization of $58.29 million, a price-to-earnings ratio of -3.94 and a beta of 0.60.

iClick Interactive Asia Group (NASDAQ:ICLKGet Rating) last announced its quarterly earnings results on Friday, May 27th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.02). iClick Interactive Asia Group had a negative net margin of 5.25% and a negative return on equity of 4.23%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC bought a new position in iClick Interactive Asia Group in the first quarter valued at about $29,000. UBS Group AG grew its position in iClick Interactive Asia Group by 1,913.3% in the third quarter. UBS Group AG now owns 6,503 shares of the company’s stock valued at $36,000 after acquiring an additional 6,180 shares during the last quarter. Barclays PLC bought a new position in iClick Interactive Asia Group in the third quarter valued at about $39,000. HighTower Advisors LLC grew its position in iClick Interactive Asia Group by 147.1% in the first quarter. HighTower Advisors LLC now owns 33,565 shares of the company’s stock valued at $39,000 after acquiring an additional 19,982 shares during the last quarter. Finally, Citigroup Inc. bought a new position in iClick Interactive Asia Group in the first quarter valued at about $45,000. Institutional investors own 33.13% of the company’s stock.

About iClick Interactive Asia Group (Get Rating)

iClick Interactive Asia Group Limited, together with its subsidiaries, provides online marketing services in the People's Republic of China and internationally. It offers iAudience, an audience identification solution that allows marketers to search, identify, and customize their targeted audience to generate or enhance brand awareness; iAccess and iActivation, an audience engagement and activation solution tailored for brand awareness-driven and performance-driven campaigns; iExpress, the lite version of iAccess solution for small and medium-sized enterprises; iNsights, an online campaign results monitoring and measurement solution; and iExperience, a content creation solution.

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