Amber Road (NYSE:AMBR) announced its quarterly earnings results on Thursday. The software maker reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.02, Morningstar.com reports. The business had revenue of $21.10 million for the quarter, compared to analysts’ expectations of $20.62 million. Amber Road had a negative net margin of 12.49% and a negative return on equity of 32.87%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.04) EPS.
Shares of NYSE AMBR traded up $0.73 during mid-day trading on Friday, hitting $10.30. 148,316 shares of the company’s stock traded hands, compared to its average volume of 77,402. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $271.92 million, a price-to-earnings ratio of -21.02 and a beta of 0.46. Amber Road has a 1 year low of $7.60 and a 1 year high of $10.41.
In other news, CEO James W. Preuninger sold 41,560 shares of the company’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $9.51, for a total transaction of $395,235.60. Following the sale, the chief executive officer now directly owns 1,713,929 shares in the company, valued at approximately $16,299,464.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Thomas E. Conway sold 19,986 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $8.71, for a total transaction of $174,078.06. Following the sale, the chief financial officer now owns 58,334 shares in the company, valued at $508,089.14. The disclosure for this sale can be found here. 15.10% of the stock is currently owned by corporate insiders.
Several brokerages have commented on AMBR. ValuEngine upgraded shares of Amber Road from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research cut shares of Amber Road from a “hold” rating to a “sell” rating in a research note on Wednesday, February 27th.
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, such as import management, export management, China trade management, global logistics management, trade agreement management, and supply chain collaboration, as well as professional services, such as assessment, implementation, education and training, and maintenance and support.
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