Jumia Technologies (NYSE:JMIA - Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as $7.29 and last traded at $7.24, with a volume of 8206907 shares. The stock had previously closed at $6.44.
Analysts Set New Price Targets
Separately, Royal Bank Of Canada restated a "sector perform" rating on shares of Jumia Technologies in a research report on Monday.
View Our Latest Stock Report on Jumia Technologies
Jumia Technologies Price Performance
The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.28. The business has a 50-day simple moving average of $4.25 and a two-hundred day simple moving average of $3.31.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. XTX Topco Ltd bought a new position in shares of Jumia Technologies in the second quarter valued at $91,000. JPMorgan Chase & Co. increased its holdings in shares of Jumia Technologies by 58,116.1% in the second quarter. JPMorgan Chase & Co. now owns 224,714 shares of the company's stock valued at $903,000 after buying an additional 224,328 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Jumia Technologies by 23.9% in the second quarter. Cetera Investment Advisers now owns 25,857 shares of the company's stock valued at $104,000 after buying an additional 4,995 shares in the last quarter. Profund Advisors LLC increased its holdings in shares of Jumia Technologies by 3.6% in the second quarter. Profund Advisors LLC now owns 99,827 shares of the company's stock valued at $401,000 after buying an additional 3,447 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Jumia Technologies by 29.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 74,970 shares of the company's stock valued at $301,000 after buying an additional 16,897 shares in the last quarter. Institutional investors own 16.50% of the company's stock.
About Jumia Technologies
(
Get Free Report)
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.
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