Jumia Technologies AG
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Consumer Discretionary : Internet & Direct Marketing Retail |
Based in Germany
Company profile

Jumia Technologies AG is a Germany-based e-commerce platform provider. The Company’s platform consist of sellers with consumers, its logistics service, which enables the shipment and delivery of packages from sellers to consumers, and its payment service, which facilitates transactions among participants active on the Company’s platform. The Company’s marketplace is consists of a range of sellers that offer goods in a wide range of categories, such as fashion and apparel, smartphones, home and living, consumer packaged goods, beauty and perfumes and other electronics. The Company also provide consumers with access to a various services, such as restaurant food delivery, hotel and flight booking, classified advertising and airtime recharge.

This security is an American depositary receipt
ADR Fees
American Depositary Receipt (ADR) Fee

ADR fees charged by custodial banks normally average from 1 to 3 cents per share. Other country fees might apply. To read more, see the Exception Fees tab at Brokerage Fees

Price
Delayed
$13.36
Day's Change
2.29 (20.69%)
Bid
--
Ask
--
B/A Size
--
Day's High
13.61
Day's Low
12.39
Volume
(Heavy Day)

Today's volume of 8,141,272 shares is on pace to be much greater than JMIA's 10-day average volume of 5,155,949 shares.

8,141,272

HYRECAR, INC. (NASDAQ:HYRE) SHAREHOLDER CLASS ACTION REMINDER: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against HyreCar, Inc.

12:17 pm ET October 13, 2021 (Accesswire) Print

NEW YORK, NY / ACCESSWIRE / October 13, 2021 / Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit filed on behalf of investors who purchased or acquired the securities of HyreCar, Inc. ("HyreCar" or the "Company") (NASDAQ:HYRE) from May 14, 2021 through August 10, 2021 (the "Class Period"). The lawsuit filed in the United States District Court for the Central District of California alleges violations of the Securities Act of 1934.

Image: https://www.accesswire.com/logos/thumbs/5184.jpg

If you purchased HyreCar securities, and/or would like to discuss your legal rights and options please visit HyreCar Shareholder Class Action Lawsuit or contact RujulPatel toll free at (877) 779-1414 or rpatel@bernlieb.com

According to the complaint, HyreCar issued materially false and/or misleading statements and failed to disclose adverse facts pertaining to the Company's business, operations, and financial condition, which were known to, or recklessly disregarded by, the Defendants as follows: (a) that HyreCar had materially understated its insurance reserves; (b) that HyreCar had systematically failed to pay valid insurance claims incurred prior to the Class Period; (c) that HyreCar had incurred significant expenses transitioning to its new third-party insurance claims administer nd processing claims incurred from prior periods; (d) that HyreCar had failed to appropriately price risk in its insurance products and was experiencing elevated claims incidence as a result; (e) that HyreCar had been forced to dramatically reform its claims underwriting, policies and procedures in response to unacceptably high claims severity and customer complaints; and (f) that, as a result of the foregoing, HyreCar's operations and prospects were misrepresented because the Company was not on track to meet the financial estimates provided to investors during the Class Period, and such estimates lacked a reasonable basis in fact, including HyreCar's purported gross margin, EBITDA and net loss trajectories.

On August 10, 2021, HyreCar announced disappointing results for the quarterly period ending on June 30, 2021, including a net loss of $9.3 million. HyreCar also disclosed it had incurred skyrocketing costs of revenue during the quarter primarily as a result of significantly higher insurance claims incidence.

On this news, the price of HyreCar shares fell almost 50%, to close at $9.85 per share on May 12, 2021.

If you wish to serve as lead plaintiff, you must move the Court no later than October 26, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

If you purchased HyreCar securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/hyrecarinc-hyre-shareholder-class-action-lawsuit-fraud-stock-434/apply/ or contact Rujul Patel toll free at (877) 779-1414 or rpatel@bernlieb.com

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for ten consecutive years.

ATTORNEY ADVERTISING. © 2021 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information

Rujul Patel

Bernstein Liebhard LLP

https://www.bernlieb.com

(877) 779-1414

rpatel@bernlieb.com

SOURCE: Bernstein Liebhard LLP

View source version on accesswire.com:

https://www.accesswire.com/667309/HYRECAR-INC-NASDAQHYRE-SHAREHOLDER-CLASS-ACTION-REMINDER-Bernstein-Liebhard-LLP-Reminds-Investors-of-the-Deadline-to-File-a-Lead-Plaintiff-Motion-in-a-Securities-Class-Action-Lawsuit-Against-HyreCar-Inc

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COMTEX_395116026/2457/2021-10-13T12:17:05

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