Jumia Technologies AG (NYSE:JMIA - Get Free Report) was the recipient of some unusual options trading on Tuesday. Investors acquired 18,231 call options on the stock. This represents an increase of approximately 90% compared to the average daily volume of 9,578 call options.
Institutional Investors Weigh In On Jumia Technologies
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC lifted its stake in shares of Jumia Technologies by 138.6% in the 1st quarter. Global Retirement Partners LLC now owns 6,885 shares of the company's stock valued at $35,000 after purchasing an additional 4,000 shares during the period. Tower Research Capital LLC TRC lifted its stake in Jumia Technologies by 430.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,688 shares of the company's stock valued at $27,000 after buying an additional 6,239 shares during the period. RFG Advisory LLC bought a new position in Jumia Technologies during the first quarter worth about $56,000. Deuterium Capital Management LLC acquired a new position in shares of Jumia Technologies during the 3rd quarter worth about $33,000. Finally, GAMMA Investing LLC bought a new stake in shares of Jumia Technologies in the 4th quarter valued at about $47,000. Institutional investors and hedge funds own 16.50% of the company's stock.
Jumia Technologies Price Performance
Shares of JMIA traded up $0.99 during mid-day trading on Tuesday, reaching $6.46. The company had a trading volume of 14,776,620 shares, compared to its average volume of 2,965,938. The company's 50-day moving average is $5.43 and its 200-day moving average is $4.04. The company has a current ratio of 1.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.03. Jumia Technologies has a twelve month low of $2.22 and a twelve month high of $8.10.
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.
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