Jumia Technologies (NYSE:JMIA - Get Free Report) saw unusually large options trading activity on Tuesday. Stock traders bought 21,504 call options on the company. This represents an increase of 602% compared to the typical daily volume of 3,063 call options.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. raised its stake in Jumia Technologies by 11.0% during the 4th quarter. Ameriprise Financial Inc. now owns 24,717 shares of the company's stock worth $94,000 after buying an additional 2,455 shares during the period. Crumly & Associates Inc. grew its position in shares of Jumia Technologies by 19.7% in the 2nd quarter. Crumly & Associates Inc. now owns 15,813 shares of the company's stock valued at $64,000 after acquiring an additional 2,600 shares during the period. Quadrant Capital Group LLC lifted its stake in Jumia Technologies by 24.0% in the 4th quarter. Quadrant Capital Group LLC now owns 14,487 shares of the company's stock valued at $55,000 after purchasing an additional 2,804 shares during the last quarter. Signaturefd LLC increased its position in Jumia Technologies by 98.9% during the fourth quarter. Signaturefd LLC now owns 6,809 shares of the company's stock worth $26,000 after buying an additional 3,385 shares during the last quarter. Finally, WealthTrust Axiom LLC increased its holdings 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 acquiring an additional 4,036 shares during the last quarter. Institutional investors and hedge funds own 16.50% of the company's stock.
Jumia Technologies Trading Down 8.7%
NYSE JMIA traded down $0.41 during trading on Wednesday, reaching $4.27. The company's stock had a trading volume of 5,457,400 shares, compared to its average volume of 3,834,035. The business has a 50-day moving average price of $3.12 and a 200-day moving average price of $3.14. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.57 and a quick ratio of 1.46. Jumia Technologies has a 1-year low of $1.60 and a 1-year high of $15.04.
Jumia Technologies Company Profile
(
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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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