683 Capital Management LLC Invests $3.38 Million in Jumia Technologies AG (NYSE:JMIA)

683 Capital Management LLC purchased a new position in Jumia Technologies AG (NYSE:JMIA - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 885,811 shares of the company's stock, valued at approximately $3,384,000. 683 Capital Management LLC owned 0.88% of Jumia Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Signaturefd LLC increased its position in shares of Jumia Technologies by 98.9% during the fourth quarter. Signaturefd LLC now owns 6,809 shares of the company's stock worth $26,000 after acquiring an additional 3,385 shares during the period. Blue Trust Inc. grew its stake in Jumia Technologies by 148.4% in the fourth quarter. Blue Trust Inc. now owns 7,072 shares of the company's stock worth $27,000 after purchasing an additional 4,225 shares in the last quarter. Scotia Capital Inc. purchased a new position in Jumia Technologies during the 4th quarter worth $38,000. CenterStar Asset Management LLC bought a new stake in Jumia Technologies during the 4th quarter valued at $42,000. Finally, Ballentine Partners LLC purchased a new stake in shares of Jumia Technologies in the 4th quarter worth $49,000. 16.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada cut their price target on Jumia Technologies from $5.00 to $4.75 and set a "sector perform" rating on the stock in a research note on Friday, February 21st.

Jumia Technologies Trading Up 2.5 %

Shares of JMIA traded up $0.06 during mid-day trading on Friday, hitting $2.49. The company's stock had a trading volume of 1,530,569 shares, compared to its average volume of 4,002,868. The company's 50-day moving average is $2.26 and its 200-day moving average is $3.44. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.80 and a quick ratio of 1.73. Jumia Technologies AG has a 52-week low of $1.60 and a 52-week high of $15.04.

Jumia Technologies (NYSE:JMIA - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($999.00) earnings per share for the quarter. The company had revenue of $45.69 million for the quarter. Jumia Technologies had a negative return on equity of 174.93% and a negative net margin of 59.16%.

About Jumia Technologies

Jumia Technologies AG operates an e-commerce platform in West Africa, North Africa, East and South Africa, Europe, the United Arab Emirates, and internationally. The company's platform consists of marketplace that connects sellers with customers; logistics service, which enables the shipment and delivery of packages from sellers to consumers; and payment service, which facilitates transactions to participants active on the company's platform in selected markets under the JumiaPay name.