Agora (NASDAQ:API) Posts Earnings Results

Key Points

• Agora (NASDAQ:API) reported earnings of $0.01 per share for the quarter, amidst a negative net margin of 24.61% and a return on equity of -5.69%.
• The stock price of Agora increased by $0.31 during trading, reaching $3.98, and has a current market cap of $371.45 million.
• Marshall Wace LLP significantly raised its stake in Agora by 213%, now owning 460,210 shares worth approximately $1.75 million.

Agora (NASDAQ:API - Get Free Report) announced its earnings results on Monday. The company reported $0.01 earnings per share (EPS) for the quarter, Zacks reports. Agora had a negative net margin of 24.61% and a negative return on equity of 5.69%.

Agora Price Performance

Agora stock traded up $0.31 during mid-day trading on Monday, reaching $3.98. The company had a trading volume of 785,313 shares, compared to its average volume of 731,903. Agora has a fifty-two week low of $1.65 and a fifty-two week high of $6.99. The company has a current ratio of 3.51, a quick ratio of 3.51 and a debt-to-equity ratio of 0.10. The company has a market cap of $371.45 million, a P/E ratio of -11.06, a P/E/G ratio of 2.31 and a beta of 0.59. The business has a fifty day simple moving average of $3.84 and a 200 day simple moving average of $4.16.

Institutional Trading of Agora

An institutional investor recently raised its position in Agora stock. Marshall Wace LLP raised its stake in shares of Agora, Inc. Sponsored ADR (NASDAQ:API - Free Report) by 213.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 460,210 shares of the company's stock after purchasing an additional 313,175 shares during the period. Marshall Wace LLP owned 0.49% of Agora worth $1,753,000 at the end of the most recent quarter. 40.40% of the stock is owned by hedge funds and other institutional investors.

Agora Company Profile

Agora, Inc operates in real-time engagement technology business in the People's Republic of China, the United States, and internationally. The company offers real-time engagement platform-as-a-services providing developers with application programming interfaces to embed real-time voice, video, interactive live-streaming, chat, whiteboard, and artificial intelligence capabilities into their applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.