Jumia Technologies (NYSE:JMIA) Posts Earnings Results

Jumia Technologies (NYSE:JMIA) released its earnings results on Thursday. The company reported ($999.00) earnings per share for the quarter, Zacks reports. The firm had revenue of $45.69 million for 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 %

NYSE JMIA opened at $2.76 on Friday. The stock has a 50-day simple moving average of $3.97 and a 200 day simple moving average of $4.47. The company has a current ratio of 1.80, a quick ratio of 1.73 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.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada dropped their target price on Jumia Technologies from $5.00 to $4.75 and set a “sector perform” rating for the company in a research report 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.