Jumia Technologies (NYSE:JMIA) Posts Quarterly Earnings Results

Jumia Technologies (NYSE:JMIA) released its quarterly earnings results on Thursday. The company reported ($999.00) earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $45.69 million for the quarter. Jumia Technologies had a negative return on equity of 161.08% and a negative net margin of 53.64%.

Jumia Technologies Trading Up 0.9 %

Jumia Technologies stock opened at $2.85 on Friday. The business has a 50 day moving average price of $3.97 and a two-hundred day moving average price of $4.47. The company has a quick ratio of 1.73, a current ratio of 1.80 and a debt-to-equity ratio of 0.07. Jumia Technologies has a 12 month low of $2.69 and a 12 month high of $15.04.

Analysts Set New Price Targets

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

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.