Agora, Inc. (NASDAQ:API - Get Free Report) saw strong trading volume on Wednesday . 1,366,792 shares were traded during trading, an increase of 27% from the previous session's volume of 1,079,501 shares.The stock last traded at $6.42 and had previously closed at $5.91.
Wall Street Analyst Weigh In
Separately, Bank of America raised Agora from a "neutral" rating to a "buy" rating and lifted their target price for the company from $3.10 to $6.00 in a research report on Thursday, January 16th.
View Our Latest Report on Agora
Agora Trading Down 8.6 %
The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 0.06. The stock has a 50-day simple moving average of $5.12 and a two-hundred day simple moving average of $3.98. The firm has a market capitalization of $521.86 million, a P/E ratio of -11.55, a price-to-earnings-growth ratio of 4.36 and a beta of 0.38.
Institutional Investors Weigh In On Agora
Institutional investors and hedge funds have recently bought and sold shares of the company. GF Fund Management CO. LTD. bought a new position in shares of Agora in the 4th quarter worth $395,000. Public Employees Retirement System of Ohio increased its position in Agora by 2,792.4% during the 4th 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 in the last quarter. Squarepoint Ops LLC acquired a new position in Agora during the 4th quarter valued at about $71,000. Two Sigma Investments LP increased its position in Agora by 7.7% during the 4th quarter. Two Sigma Investments LP now owns 58,631 shares of the company's stock valued at $244,000 after buying an additional 4,207 shares in the last quarter. Finally, MY.Alpha Management HK Advisors Ltd acquired a new position in Agora during the 4th quarter valued at about $3,057,000. 40.40% of the stock is owned by institutional investors.
About Agora
(
Get 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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