Ambarella Inc. (AMBA) Soars 5.52%

Ambarella Inc. (AMBA) Soars 5.52%

Ambarella Inc. (AMBA) had a good day on the market for Tuesday April 16 as shares jumped 5.52% to close at $49.32. About 748,953 shares traded hands on 6,789 trades for the day, compared with an average daily volume of n/a shares out of a total float of 32.72 million. After opening the trading day at $47.00, shares of Ambarella Inc. stayed within a range of $49.39 to $46.84.

With today’s gains, Ambarella Inc. now has a market cap of $1.61 billion. Shares of Ambarella Inc. have been trading within a range of $55.50 and $30.00 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Ambarella Inc is a developer of semiconductor processing solutions for high-definition video capture, sharing, and display. The firm’s solutions are sold to original design manufacturers and original equipment manufacturers to be designed for use in infrastructure broadcast encoders, wearable device cameras, automotive cameras, and security cameras. Ambarella’s system-on-a-chip designs, based on its proprietary technology platform, are highly configurable to applications in various end markets. The firm derives majority of revenue from Taiwan.

Ambarella Inc. is based out of Santa Clara, CA and has some 750 employees. Its CEO is Feng-Ming Wang.

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