Traders Buy High Volume of Call Options on Jumia Technologies (NYSE:JMIA)

Key Points

• Jumia Technologies (NYSE:JMIA) saw a significant rise in call options trading, with 9,987 options purchased, representing a 172% increase from the average volume.
• The company's stock rose 28.1%, reaching $5.87, with a trading volume of over 14 million shares, surpassing its average of 3.3 million.
• Institutional investors have increased their stakes in Jumia Technologies, with Ameriprise Financial growing its position by 11% in the last quarter.

Jumia Technologies (NYSE:JMIA - Get Free Report) was the target of some unusual options trading on Thursday. Stock investors bought 9,987 call options on the company. Thisrepresentsanincreaseof172% compared to the typical volume of 3,666 call options.

Jumia Technologies Stock Up 28.1%

Shares of JMIA stock traded up $1.29 during trading hours on Thursday, reaching $5.87. The company had a trading volume of 14,383,274 shares, compared to its average volume of 3,329,140. Jumia Technologies has a 1-year low of $1.60 and a 1-year high of $6.25. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.46 and a current ratio of 1.57. The company has a 50 day moving average of $4.00 and a 200 day moving average of $3.25.

Jumia Technologies (NYSE:JMIA - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($999.00) EPS for the quarter. Jumia Technologies had a negative return on equity of 106.58% and a negative net margin of 48.53%.

Institutional Trading of Jumia Technologies

Several large investors have recently made changes to their positions in JMIA. Ameriprise Financial Inc. increased its stake in Jumia Technologies by 11.0% in the 4th quarter. Ameriprise Financial Inc. now owns 24,717 shares of the company's stock worth $94,000 after purchasing an additional 2,455 shares during the period. Crumly & Associates Inc. lifted its holdings in shares of Jumia Technologies by 19.7% during the second quarter. Crumly & Associates Inc. now owns 15,813 shares of the company's stock valued at $64,000 after purchasing an additional 2,600 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Jumia Technologies by 24.0% during the fourth quarter. Quadrant Capital Group LLC now owns 14,487 shares of the company's stock valued at $55,000 after acquiring an additional 2,804 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Jumia Technologies by 80.9% during the second quarter. GAMMA Investing LLC now owns 7,795 shares of the company's stock valued at $31,000 after acquiring an additional 3,485 shares in the last quarter. Finally, WealthTrust Axiom LLC grew its position in Jumia Technologies by 30.8% in the 1st quarter. WealthTrust Axiom LLC now owns 17,161 shares of the company's stock worth $37,000 after purchasing an additional 4,036 shares during the period. 16.50% of the stock is currently owned by institutional investors and hedge funds.

About Jumia Technologies

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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