Amber Road (AMBR) Issues Quarterly Earnings Results
Amber Road (NYSE:AMBR) released its earnings results on Monday. The software maker reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.05), Morningstar.com reports. Amber Road had a negative net margin of 11.67% and a negative return on equity of 34.61%. Amber Road updated its Q1 2019 guidance to $-0.04–0.02 EPS and its FY 2019 guidance to $-0.06-0.04 EPS.
NYSE AMBR opened at $8.81 on Tuesday. The stock has a market cap of $244.02 million, a PE ratio of -18.74 and a beta of 0.42. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.66. Amber Road has a one year low of $7.60 and a one year high of $10.41.
In other news, CFO Thomas E. Conway sold 3,123 shares of the firm’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $9.03, for a total transaction of $28,200.69. Following the sale, the chief financial officer now owns 1,500 shares of the company’s stock, valued at $13,545. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Thomas E. Conway sold 20,000 shares of the firm’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $8.93, for a total value of $178,600.00. Following the sale, the chief financial officer now directly owns 4,623 shares in the company, valued at approximately $41,283.39. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 123,123 shares of company stock worth $1,094,401. 15.10% of the stock is currently owned by insiders.
Separately, Zacks Investment Research raised Amber Road from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a research note on Wednesday, January 23rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $11.75.
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About Amber Road
Amber Road, Inc provides cloud-based global trade management (GTM) solutions in the United States and internationally. The company's GTM solutions include modules for logistics contract and rate management; supply chain visibility and event management; international trade compliance; and global knowledge trade content database, supply chain collaboration with overseas factories and vendors, and duty management solutions to importers and exporters, nonvessel owning common carriers (resellers), and ocean carriers.
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