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Jumia Technologies (NYSE:JMIA) Shares Gap Down - Time to Sell?

Jumia Technologies logo with Retail/Wholesale background

Key Points

  • Jumia Technologies' shares gapped down from a previous close of $7.46 to open at $7.05, reflecting a trading volume of 995,968 shares.
  • Royal Bank of Canada maintained a "sector perform" rating on Jumia Technologies, while various hedge funds have adjusted their stakes, with Marshall Wace LLP increasing its position by 180.5%.
  • The company's financial ratios indicate a strong liquidity position with a current ratio of 1.38 and a low debt-to-equity ratio of 0.15.
  • Five stocks we like better than Jumia Technologies.

Shares of Jumia Technologies (NYSE:JMIA - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $7.46, but opened at $7.05. Jumia Technologies shares last traded at $7.45, with a volume of 995,968 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reiterated a "sector perform" rating on shares of Jumia Technologies in a research note on Monday, August 11th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Jumia Technologies presently has a consensus rating of "Hold" and an average price target of $4.75.

Read Our Latest Research Report on JMIA

Jumia Technologies Price Performance

The stock has a 50 day moving average price of $4.68 and a two-hundred day moving average price of $3.44. The company has a quick ratio of 1.28, a current ratio of 1.38 and a debt-to-equity ratio of 0.15.

Institutional Trading of Jumia Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Deuterium Capital Management LLC acquired a new position in Jumia Technologies during the 1st quarter worth $27,000. PDS Planning Inc bought a new stake in shares of Jumia Technologies during the first quarter worth $31,000. GAMMA Investing LLC lifted its stake in shares of Jumia Technologies by 80.9% during the second quarter. GAMMA Investing LLC now owns 7,795 shares of the company's stock valued at $31,000 after acquiring an additional 3,485 shares during the period. WealthTrust Axiom LLC lifted its stake in shares of Jumia Technologies by 30.8% during the first 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, Lido Advisors LLC bought a new position in Jumia Technologies in the second quarter valued at about $41,000. Institutional investors and hedge funds 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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