Jumia Technologies (NYSE:JMIA) Releases Earnings Results

Jumia Technologies (NYSE:JMIA) posted its earnings results on Thursday. The company reported ($999.00) EPS for the quarter, Zacks reports. Jumia Technologies had a negative net margin of 53.64% and a negative return on equity of 161.08%.

Jumia Technologies Trading Down 28.2 %

Shares of Jumia Technologies stock traded down $1.10 during trading hours on Thursday, hitting $2.79. The company had a trading volume of 22,455,241 shares, compared to its average volume of 3,136,403. The company’s 50-day moving average is $4.00 and its two-hundred day moving average is $4.48. Jumia Technologies has a twelve month low of $2.69 and a twelve month high of $15.04. The company has a current ratio of 1.80, a quick ratio of 1.73 and a debt-to-equity ratio of 0.07.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada started coverage on Jumia Technologies in a report on Wednesday, November 13th. They issued a “sector perform” rating and a $5.00 price objective on the stock.

About Jumia Technologies

Jumia Technologies AG operates an e-commerce platform in West Africa, North Africa, East and South Africa, Europe, the United Arab Emirates, and internationally. The company’s platform consists of marketplace that connects sellers with customers; logistics service, which enables the shipment and delivery of packages from sellers to consumers; and payment service, which facilitates transactions to participants active on the company’s platform in selected markets under the JumiaPay name.