Jumia Technologies (NYSE:JMIA) Posts Earnings Results

Jumia Technologies (NYSE:JMIA) announced its quarterly earnings data on Thursday. The company reported ($999.00) earnings per share 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 Stock Down 28.2 %

Jumia Technologies stock traded down $1.10 during mid-day trading on Thursday, reaching $2.79. 22,455,241 shares of the company’s stock were exchanged, compared to its average volume of 3,136,403. The company has a fifty day moving average of $4.00 and a 200-day moving average of $4.48. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.80 and a quick ratio of 1.73. Jumia Technologies has a twelve month low of $2.69 and a twelve month high of $15.04.

Wall Street Analyst Weigh In

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

Jumia Technologies Company Profile

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.