Jumia Technologies AG (NYSE:JMIA - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $7.21 and last traded at $7.21, with a volume of 97537 shares trading hands. The stock had previously closed at $6.91.
Analyst Ratings Changes
Separately, Morgan Stanley upgraded Jumia Technologies from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $3.00 to $3.60 in a research report on Wednesday, January 3rd.
View Our Latest Report on Jumia Technologies
Jumia Technologies Price Performance
The company has a debt-to-equity ratio of 0.03, a current ratio of 1.43 and a quick ratio of 1.35. The firm has a fifty day simple moving average of $3.67 and a two-hundred day simple moving average of $3.18.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Advisor Group Holdings Inc. increased its position in Jumia Technologies by 3.6% during the 1st quarter. Advisor Group Holdings Inc. now owns 41,248 shares of the company's stock valued at $150,000 after buying an additional 1,431 shares in the last quarter. Creative Planning increased its position in Jumia Technologies by 21.9% during the 4th quarter. Creative Planning now owns 16,780 shares of the company's stock valued at $54,000 after buying an additional 3,012 shares in the last quarter. International Assets Investment Management LLC increased its position in Jumia Technologies by 17.7% during the 1st quarter. International Assets Investment Management LLC now owns 22,950 shares of the company's stock valued at $220,000 after buying an additional 3,450 shares in the last quarter. Wealth Effects LLC increased its position in Jumia Technologies by 5.8% during the 3rd quarter. Wealth Effects LLC now owns 73,650 shares of the company's stock valued at $194,000 after buying an additional 4,035 shares in the last quarter. Finally, Raymond James & Associates increased its position in Jumia Technologies by 8.7% during the 1st quarter. Raymond James & Associates now owns 60,281 shares of the company's stock valued at $577,000 after buying an additional 4,809 shares in the last quarter. Institutional investors own 17.58% 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 consumers; logistics service that 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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Jumia Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Jumia Technologies wasn't on the list.
While Jumia Technologies currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
