Jumia Technologies AG (NYSE:JMIA - Get Free Report) shares were up 7% during mid-day trading on Friday . The company traded as high as $5.06 and last traded at $5.04. Approximately 1,500,973 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 4,014,384 shares. The stock had previously closed at $4.71.
Wall Street Analyst Weigh In
Separately, Benchmark cut their target price on Jumia Technologies from $14.00 to $11.00 and set a "buy" rating on the stock in a research report on Wednesday, August 7th.
Check Out Our Latest Stock Report on JMIA
Jumia Technologies Trading Up 1.0 %
The stock has a 50-day simple moving average of $4.93 and a 200-day simple moving average of $6.63. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.11 and a quick ratio of 1.05.
Institutional Investors Weigh In On Jumia Technologies
Several institutional investors and hedge funds have recently made changes to their positions in JMIA. RFG Advisory LLC acquired a new stake in shares of Jumia Technologies during the 1st quarter valued at approximately $56,000. International Assets Investment Management LLC raised its position in shares of Jumia Technologies by 15.8% during the 1st quarter. International Assets Investment Management LLC now owns 18,650 shares of the company's stock valued at $95,000 after acquiring an additional 2,550 shares in the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of Jumia Technologies during the 1st quarter valued at approximately $466,000. Deuterium Capital Management LLC acquired a new stake in shares of Jumia Technologies during the 1st quarter valued at approximately $63,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in Jumia Technologies during the 1st quarter worth $528,000. 16.50% of the stock is owned by institutional investors and hedge funds.
Jumia Technologies Company Profile
(
Get Free Report)
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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