Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Agora, Inc. Sponsored ADR (NASDAQ:API - Free Report) by 95.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 868,402 shares of the company's stock after acquiring an additional 423,607 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.93% of Agora worth $3,491,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in shares of Agora in the fourth quarter valued at about $53,000. Public Employees Retirement System of Ohio raised its position in shares of Agora by 2,792.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 35,432 shares of the company's stock valued at $147,000 after buying an additional 34,207 shares during the last quarter. QRG Capital Management Inc. acquired a new stake in shares of Agora in the first quarter valued at about $43,000. Bank of America Corp DE raised its position in shares of Agora by 714.6% in the fourth quarter. Bank of America Corp DE now owns 565,584 shares of the company's stock valued at $2,353,000 after buying an additional 496,156 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of Agora in the fourth quarter valued at about $71,000. 40.40% of the stock is currently owned by institutional investors and hedge funds.
Agora Price Performance
Shares of NASDAQ API traded up $0.08 during mid-day trading on Monday, reaching $3.75. The company's stock had a trading volume of 336,308 shares, compared to its average volume of 729,003. The stock has a 50-day moving average of $3.84 and a two-hundred day moving average of $4.16. The stock has a market capitalization of $349.99 million, a P/E ratio of -10.42, a P/E/G ratio of 2.31 and a beta of 0.59. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.51 and a current ratio of 3.51. Agora, Inc. Sponsored ADR has a 1-year low of $1.65 and a 1-year high of $6.99.
Agora Profile
(
Free Report)
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.
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