JMIAJapan Mining Industry Association
JMIAJapan Motor-Racing Industry Association (trade association)
JMIAJanice Mitchell Isbell Academy (Huntsville, AL)
JMIAJoint Middleware Interoperability Assessment (JBC)
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As previously reported, Morgan Stanley analyst Brian Nowak upgraded Jumia Technologies (JMIA) to Equal Weight from Underweight, noting that the stock has fallen about 50% since the company's Q1 earnings report in mid-May.
Shares of Jumia Technologies (JMIA) are sliding for a second straight session after Citron Research said yesterday that it had "never seen such an obvious fraud as Jumia." In a follow-up report published to its website today, Citron stated: "While none of the bankers or analysts have probably spent any time in Africa examining Jumia's operations, Rebecca Enonchong knows more than anyone who owns or has written on this stock and is proof why JMIA should be halted for investigation." Enonchong, which Citron called "easily one of the most powerful tech founders in Africa today," has tweeted a number of cautious statements about Jumia, including agreeing that it is a fraud, the report noted.
Shares of Jumia Technologies (JMIA) are sliding after Citron Research said that it has "never seen such an obvious fraud as Jumia." Calling the stock "worthless," Citron added that investors should not rely on reported numbers and a "restatement of financials is on the horizon." 'OBVIOUS FRAUD': In a report published on its website, Andrew Left's Citron Research said that in 18 years of publishing it has "never seen such an obvious fraud as Jumia." "Worse than being the most expensive U.S.
Jumia Technologies (JMIA) initiated with a Hold at Stifel, with a Hold at Berenberg, with a Market Perform at Raymond James, with an Underweight at Morgan Stanley and with a Market Perform at William Blair.