Shares of Jumia Technologies (NYSE:JMIA - Get Free Report) were down 4.6% during trading on Wednesday . The stock traded as low as $4.52 and last traded at $4.46. Approximately 978,249 shares changed hands during trading, a decline of 74% from the average daily volume of 3,818,062 shares. The stock had previously closed at $4.67.
Jumia Technologies Trading Up 0.2%
The company's 50-day moving average is $3.24 and its 200 day moving average is $3.14. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.46 and a current ratio of 1.57.
Hedge Funds Weigh In On Jumia Technologies
Several hedge funds and other institutional investors have recently bought and sold shares of JMIA. Signaturefd LLC lifted its stake in Jumia Technologies by 98.9% during the 4th quarter. Signaturefd LLC now owns 6,809 shares of the company's stock valued at $26,000 after acquiring an additional 3,385 shares during the period. Deuterium Capital Management LLC bought a new position in Jumia Technologies during the 1st quarter valued at about $27,000. PDS Planning Inc bought a new position in Jumia Technologies during the 1st quarter valued at about $31,000. WealthTrust Axiom LLC lifted its stake in Jumia Technologies by 30.8% during the 1st quarter. WealthTrust Axiom LLC now owns 17,161 shares of the company's stock valued at $37,000 after acquiring an additional 4,036 shares during the period. Finally, Scotia Capital Inc. bought a new position in Jumia Technologies during the 4th quarter valued at about $38,000. 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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