Royal Bank of Canada upgraded shares of Jumia Technologies (NYSE:JMIA - Free Report) to a hold rating in a report issued on Tuesday morning,Zacks.com reports.
Separately, Benchmark reduced their price objective on shares of Jumia Technologies from $14.00 to $11.00 and set a "buy" rating on the stock in a report on Wednesday, August 7th.
Read Our Latest Report on Jumia Technologies
Jumia Technologies Stock Up 0.3 %
JMIA stock traded up $0.01 during midday trading on Tuesday, hitting $3.72. 1,713,518 shares of the company's stock were exchanged, compared to its average volume of 3,929,596. Jumia Technologies has a 1-year low of $2.66 and a 1-year high of $15.04. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.80 and a quick ratio of 1.73. The business has a 50-day simple moving average of $4.79 and a two-hundred day simple moving average of $6.63.
Hedge Funds Weigh In On Jumia Technologies
Several hedge funds have recently bought and sold shares of JMIA. Crumly & Associates Inc. acquired a new position in Jumia Technologies in the 3rd quarter valued at about $55,000. Wrapmanager Inc. acquired a new stake in shares of Jumia Technologies during the third quarter worth $58,000. Diversify Advisory Services LLC acquired a new position in Jumia Technologies in the 3rd quarter valued at $68,000. The Manufacturers Life Insurance Company purchased a new position in Jumia Technologies during the 2nd quarter worth $74,000. Finally, Boston Standard Wealth Management LLC acquired a new stake in shares of Jumia Technologies in the 2nd quarter worth $75,000. 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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