Jumia Technologies (NYSE:JMIA) Announces Earnings Results

Jumia Technologies (NYSE:JMIA) posted its quarterly earnings data on Thursday. The company reported ($999.00) EPS for the quarter, Zacks reports. The business had revenue of $45.69 million during the quarter. Jumia Technologies had a negative return on equity of 174.93% and a negative net margin of 59.16%.

Jumia Technologies Trading Down 2.3 %

Jumia Technologies stock opened at $2.76 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.80 and a quick ratio of 1.73. The business’s fifty day moving average is $3.97 and its two-hundred day moving average is $4.47. Jumia Technologies has a 52 week low of $2.69 and a 52 week high of $15.04.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reduced their price objective on Jumia Technologies from $5.00 to $4.75 and set a “sector perform” rating on the stock in a research note on Friday.

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.