GF Fund Management CO. LTD. Takes $395,000 Position in Agora, Inc. (NASDAQ:API)

GF Fund Management CO. LTD. acquired a new position in Agora, Inc. (NASDAQ:API - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 95,000 shares of the company's stock, valued at approximately $395,000. GF Fund Management CO. LTD. owned approximately 0.10% of Agora as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. CloudAlpha Capital Management Limited Hong Kong acquired a new position in shares of Agora during the fourth quarter worth $12,459,000. Yong Rong HK Asset Management Ltd acquired a new position in shares of Agora during the fourth quarter worth $10,192,000. Hhlr Advisors LTD. acquired a new position in shares of Agora during the fourth quarter worth $8,730,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Agora during the fourth quarter worth $3,082,000. Finally, MY.Alpha Management HK Advisors Ltd acquired a new position in shares of Agora during the fourth quarter worth $3,057,000. Institutional investors own 40.40% of the company's stock.

Agora Stock Down 1.8%

Shares of API stock traded down $0.07 during trading hours on Wednesday, reaching $3.72. 906,430 shares of the company's stock were exchanged, compared to its average volume of 909,703. The stock's 50 day moving average is $3.46 and its 200-day moving average is $4.52. The company has a market cap of $347.20 million, a price-to-earnings ratio of -7.59, a P/E/G ratio of 4.36 and a beta of 0.53. The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 0.06. Agora, Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $6.99.

About Agora

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.