Shares of Jumia Technologies AG (NYSE:JMIA – Get Free Report) shot up 9.1% on Wednesday . The stock traded as high as $8.30 and last traded at $8.16. 2,630,539 shares traded hands during trading, a decline of 22% from the average session volume of 3,382,388 shares. The stock had previously closed at $7.48.
Jumia Technologies Stock Up 4.9 %
The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average price of $6.75 and a two-hundred day moving average price of $5.24.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC bought a new stake in Jumia Technologies during the first quarter worth about $705,000. Raymond James Financial Services Advisors Inc. raised its stake in Jumia Technologies by 5.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 119,588 shares of the company’s stock valued at $422,000 after buying an additional 6,245 shares during the period. Citigroup Inc. raised its stake in Jumia Technologies by 12.2% in the third quarter. Citigroup Inc. now owns 117,783 shares of the company’s stock valued at $311,000 after buying an additional 12,800 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in Jumia Technologies in the first quarter valued at approximately $528,000. Finally, Capstone Investment Advisors LLC bought a new stake in Jumia Technologies in the first quarter valued at approximately $466,000. 16.50% of the stock is owned by institutional investors and hedge funds.
Jumia Technologies Company Profile
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.