Iclick Interactive Asia Group (NASDAQ:ICLK) Lowered to “Hold” at ValuEngine

ValuEngine cut shares of Iclick Interactive Asia Group (NASDAQ:ICLK) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning, ValuEngine reports.

Other analysts have also issued reports about the stock. Benchmark lowered their target price on shares of Iclick Interactive Asia Group from $9.00 to $8.00 and set a buy rating for the company in a research note on Tuesday, August 27th. Roth Capital set a $7.00 price objective on shares of Iclick Interactive Asia Group and gave the company a buy rating in a report on Monday, August 26th. Finally, Zacks Investment Research raised shares of Iclick Interactive Asia Group from a sell rating to a hold rating in a research report on Tuesday, October 29th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $6.25.

Shares of ICLK stock opened at $3.30 on Wednesday. Iclick Interactive Asia Group has a 52-week low of $2.73 and a 52-week high of $5.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a 50 day moving average price of $3.19 and a 200 day moving average price of $3.37.

Iclick Interactive Asia Group (NASDAQ:ICLK) last posted its quarterly earnings data on Tuesday, November 26th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.01. The company had revenue of $54.17 million during the quarter, compared to analysts’ expectations of $52.24 million. Iclick Interactive Asia Group had a negative return on equity of 3.63% and a negative net margin of 6.48%. On average, equities analysts anticipate that Iclick Interactive Asia Group will post -0.1 earnings per share for the current fiscal year.

About Iclick Interactive Asia Group

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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