Jumia Technologies (NYSE:JMIA - Get Free Report) shares dropped 5% on Wednesday . The stock traded as low as $4.26 and last traded at $4.26. Approximately 1,181,532 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 3,649,482 shares. The stock had previously closed at $4.48.
Jumia Technologies Price Performance
The company has a debt-to-equity ratio of 0.12, a current ratio of 1.57 and a quick ratio of 1.46. The firm's 50 day moving average price is $3.55 and its two-hundred day moving average price is $3.16.
Hedge Funds Weigh In On Jumia Technologies
Several large investors have recently modified their holdings of JMIA. Signaturefd LLC increased its stake in shares of Jumia Technologies by 98.9% in the fourth quarter. Signaturefd LLC now owns 6,809 shares of the company's stock worth $26,000 after purchasing an additional 3,385 shares in the last quarter. Deuterium Capital Management LLC purchased a new position in shares of Jumia Technologies in the first quarter worth about $27,000. PDS Planning Inc purchased a new position in shares of Jumia Technologies in the first quarter worth about $31,000. GAMMA Investing LLC increased its stake in shares of Jumia Technologies by 80.9% in the second quarter. GAMMA Investing LLC now owns 7,795 shares of the company's stock worth $31,000 after purchasing an additional 3,485 shares in the last quarter. Finally, WealthTrust Axiom LLC increased its stake in shares of Jumia Technologies by 30.8% in the first quarter. WealthTrust Axiom LLC now owns 17,161 shares of the company's stock worth $37,000 after purchasing an additional 4,036 shares in the last quarter. Hedge funds and other 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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