Amber International (NASDAQ:AMBR) Stock Crosses Below 50 Day Moving Average – Here’s Why

Amber International Holding Limited – Sponsored ADR (NASDAQ:AMBR) crossed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $1.65 and traded as low as $1.57. Amber International shares last traded at $1.61, with a volume of 59,091 shares traded.

Analysts Set New Price Targets

AMBR has been the topic of several research reports. Wall Street Zen raised shares of Amber International to a “hold” rating in a report on Saturday, October 24th. Weiss Ratings upgraded shares of Amber International from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, September 18th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Amber International Trading Down 8.0%

The company’s fifty day moving average is $1.65 and its 200 day moving average is $1.83. The company has a market cap of $151.79 million, a P/E ratio of 161.16 and a beta of 0.58.

Amber International (NASDAQ:AMBR) last released 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 during the quarter.

Amber International Company Profile

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. The company operates internationally, with a focus on major digital asset markets, although specific geographic coverage and product availability may vary by jurisdiction and regulatory requirements.