Jumia Technologies (NYSE:JMIA - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $7.29 and last traded at $7.24, with a volume of 8206907 shares trading hands. The stock had previously closed at $6.44.
Wall Street Analyst Weigh In
Separately, Royal Bank Of Canada reissued a "sector perform" rating on shares of Jumia Technologies in a research note on Monday, August 11th.
Read Our Latest Report on Jumia Technologies
Jumia Technologies Stock Up 0.5%
The company's fifty day simple moving average is $4.51 and its 200 day simple moving average is $3.39. The company has a quick ratio of 1.28, a current ratio of 1.38 and a debt-to-equity ratio of 0.15.
Hedge Funds Weigh In On Jumia Technologies
Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in Jumia Technologies in the 4th quarter worth approximately $219,000. Insigneo Advisory Services LLC bought a new stake in Jumia Technologies in the 4th quarter valued at $256,000. Marshall Wace LLP increased its holdings in shares of Jumia Technologies by 180.5% in the 4th quarter. Marshall Wace LLP now owns 1,023,405 shares of the company's stock worth $3,909,000 after buying an additional 658,618 shares during the last quarter. 683 Capital Management LLC bought a new position in Jumia Technologies during the 4th quarter valued at about $3,384,000. Finally, Ameriprise Financial Inc. grew its holdings in Jumia Technologies by 11.0% during the 4th quarter. Ameriprise Financial Inc. now owns 24,717 shares of the company's stock valued at $94,000 after purchasing an additional 2,455 shares during the last quarter. Institutional investors own 16.50% of the company's stock.
Jumia Technologies Company Profile
(
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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