iClick Interactive Asia Group (NASDAQ:ICLK) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

iClick Interactive Asia Group Limited (NASDAQ:ICLK)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.85 and traded as high as $9.97. iClick Interactive Asia Group shares last traded at $9.24, with a volume of 148,014 shares trading hands.

iClick Interactive Asia Group Stock Performance

The company’s 50-day simple moving average is $8.34 and its 200 day simple moving average is $5.85.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in iClick Interactive Asia Group stock. Renaissance Technologies LLC bought a new position in shares of iClick Interactive Asia Group Limited (NASDAQ:ICLK) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 22,500 shares of the company’s stock, valued at approximately $211,000. Renaissance Technologies LLC owned 0.22% of iClick Interactive Asia Group at the end of the most recent reporting period.

About iClick Interactive Asia Group

iClick Interactive Asia Group Limited, together with its subsidiaries, provides online marketing services in Mainland China, Hong Kong, and internationally. It operates through two segments, Marketing Solutions and Enterprise Solutions. The company offers iAudience, a market intelligence platform that provides real-time insights of the target audiences and competitive landscapes that allows enterprises to explore potential market opportunities and drive long-term business growth; iNsights 2.0, a marketing analytics platform that provides marketers with in-depth analyses, including conversion path analysis, cross-channel effectiveness analysis, and e-commerce analysis; iParllay, a social commerce platform that offers customer management and marketing automation capabilities; iSCRM, a WeChat social customer relationship management that provides enterprises with WeChat private traffic management and operation; and iAccess, an audience engagement and activation solution tailored for brand awareness-driven and performance-driven campaigns.