Jumia Technologies AG (NYSE:JMIA - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $5.47, but opened at $6.13. Jumia Technologies shares last traded at $6.40, with a volume of 3,372,940 shares.
Jumia Technologies Trading Up 18.1 %
The company has a fifty day simple moving average of $5.41 and a two-hundred day simple moving average of $4.01. The company has a current ratio of 1.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.03.
Institutional Trading of Jumia Technologies
A number of hedge funds and other institutional investors have recently bought and sold shares of JMIA. GAMMA Investing LLC boosted its stake in Jumia Technologies by 15.3% during the 1st quarter. GAMMA Investing LLC now owns 15,191 shares of the company's stock worth $78,000 after purchasing an additional 2,011 shares during the period. International Assets Investment Management LLC raised its stake in shares of Jumia Technologies by 15.8% during the first quarter. International Assets Investment Management LLC now owns 18,650 shares of the company's stock worth $95,000 after purchasing an additional 2,550 shares during the last quarter. Wealth Effects LLC raised its position in Jumia Technologies by 4.0% during the 1st quarter. Wealth Effects LLC now owns 77,110 shares of the company's stock worth $395,000 after buying an additional 2,960 shares during the last quarter. Global Retirement Partners LLC increased its stake in shares of Jumia Technologies by 138.6% during the first quarter. Global Retirement Partners LLC now owns 6,885 shares of the company's stock worth $35,000 after acquiring an additional 4,000 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in Jumia Technologies by 430.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,688 shares of the company's stock worth $27,000 after purchasing an additional 6,239 shares in the last quarter. 16.50% of the stock is currently owned by institutional investors and hedge funds.
About Jumia Technologies
(
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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.
Further Reading
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