Jumia Technologies Sees Unusually High Options Volume (NYSE:JMIA)

Jumia Technologies (NYSE:JMIA - Get Free Report) saw some unusual options trading activity on Tuesday. Investors acquired 21,504 call options on the company. This represents an increase of approximately 602% compared to the average volume of 3,063 call options.

Jumia Technologies Stock Performance

Shares of JMIA stock traded up $0.01 on Friday, reaching $4.42. 2,515,342 shares of the stock were exchanged, compared to its average volume of 3,834,548. The company has a current ratio of 1.57, a quick ratio of 1.46 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average of $3.20 and a two-hundred day moving average of $3.14. Jumia Technologies has a 1-year low of $1.60 and a 1-year high of $15.04.

Institutional Investors Weigh In On Jumia Technologies

A number of institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in shares of Jumia Technologies by 98.9% in the 4th quarter. Signaturefd LLC now owns 6,809 shares of the company's stock worth $26,000 after purchasing an additional 3,385 shares during the period. Deuterium Capital Management LLC acquired a new stake in Jumia Technologies during the 1st quarter worth approximately $27,000. PDS Planning Inc purchased a new position in Jumia Technologies in the first quarter valued at approximately $31,000. WealthTrust Axiom LLC lifted its position in 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 buying an additional 4,036 shares in the last quarter. Finally, Scotia Capital Inc. acquired a new position in Jumia Technologies during the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 16.50% of the company's stock.

Jumia Technologies Company Profile

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.