Jumia Technologies AG (NYSE:JMIA - Get Free Report) was down 2.8% on Monday . The company traded as low as $6.48 and last traded at $6.58. Approximately 551,712 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 3,067,323 shares. The stock had previously closed at $6.77.
Jumia Technologies Trading Down 3.6 %
The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.19 and a current ratio of 1.27. The stock's 50-day moving average price is $5.38 and its 200-day moving average price is $4.27.
Hedge Funds Weigh In On Jumia Technologies
Several large investors have recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in Jumia Technologies during the 1st quarter worth about $705,000. Laird Norton Trust Company LLC bought a new stake in shares of Jumia Technologies during the third quarter worth approximately $280,000. Susquehanna Fundamental Investments LLC acquired a new position in Jumia Technologies in the first quarter valued at approximately $528,000. Capstone Investment Advisors LLC bought a new position in Jumia Technologies in the first quarter valued at approximately $466,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Jumia Technologies by 69.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 115,581 shares of the company's stock worth $305,000 after acquiring an additional 47,487 shares during the period. Institutional investors and hedge funds own 16.50% of the company's stock.
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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