Jumia Technologies (NYSE:JMIA) Shares Up 7.9% - What's Next?

Key Points

• Jumia Technologies' shares increased by 7.9% on Monday, reaching a last traded price of $4.80 after previously closing at $4.45, despite a significant decline in trading volume.
• Institutional investors hold 16.50% of Jumia's stock, with multiple firms recently adjusting their positions, indicating growing interest in the company.
• The company's stock has a 50-day moving average of $3.92 and a 200-day moving average of $3.22, suggesting its recent performance exceeds longer-term trends.

Shares of Jumia Technologies (NYSE:JMIA - ) were up 7.9% on Monday . The company traded as high as $4.74 and last traded at $4.80. Approximately 350,172 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 3,224,214 shares. The stock had previously closed at $4.45.

Jumia Technologies Stock Performance

The company has a 50-day moving average of $3.92 and a 200-day moving average of $3.22. The company has a current ratio of 1.57, a quick ratio of 1.46 and a debt-to-equity ratio of 0.12.

Institutional Trading of Jumia Technologies

Several institutional investors have recently made changes to their positions in the company. Deuterium Capital Management LLC purchased a new stake in shares of Jumia Technologies during the first quarter valued at approximately $27,000. PDS Planning Inc purchased a new stake in shares of Jumia Technologies during the 1st quarter valued at $31,000. GAMMA Investing LLC increased its position in shares of Jumia Technologies by 80.9% during the 2nd quarter. GAMMA Investing LLC now owns 7,795 shares of the company's stock valued at $31,000 after purchasing an additional 3,485 shares during the last quarter. WealthTrust Axiom LLC raised its stake in shares of Jumia Technologies by 30.8% during the 1st quarter. WealthTrust Axiom LLC now owns 17,161 shares of the company's stock worth $37,000 after purchasing an additional 4,036 shares during the period. Finally, Scotia Capital Inc. purchased a new position in shares of Jumia Technologies in the 4th quarter worth about $38,000. Institutional investors own 16.50% of the company's stock.

About Jumia Technologies

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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