RWC Asset Management LLP raised its position in Jumia Technologies AG (NYSE:JMIA - Free Report) by 235.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,473,192 shares of the company's stock after acquiring an additional 1,033,457 shares during the period. RWC Asset Management LLP owned approximately 1.46% of Jumia Technologies worth $5,628,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in JMIA. International Assets Investment Management LLC grew its position in shares of Jumia Technologies by 685.9% in the third quarter. International Assets Investment Management LLC now owns 145,782 shares of the company's stock valued at $778,000 after purchasing an additional 127,232 shares during the last quarter. Diversify Advisory Services LLC acquired a new position in Jumia Technologies in the third quarter valued at $68,000. QRG Capital Management Inc. purchased a new position in Jumia Technologies during the third quarter worth about $136,000. Crumly & Associates Inc. acquired a new stake in Jumia Technologies in the 3rd quarter worth about $55,000. Finally, Atria Investments Inc acquired a new stake in Jumia Technologies in the 3rd quarter worth about $176,000. Institutional investors and hedge funds own 16.50% of the company's stock.
Jumia Technologies Stock Performance
Shares of JMIA traded down $0.11 during trading hours on Thursday, hitting $2.43. The stock had a trading volume of 4,313,049 shares, compared to its average volume of 3,573,532. Jumia Technologies AG has a 12-month low of $2.41 and a 12-month high of $15.04. The company has a current ratio of 1.80, a quick ratio of 1.73 and a debt-to-equity ratio of 0.07. The company's fifty day simple moving average is $3.83 and its 200 day simple moving average is $4.36.
Jumia Technologies (NYSE:JMIA - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported ($999.00) earnings per share (EPS) for the quarter. The firm had revenue of $45.69 million for the quarter. Jumia Technologies had a negative return on equity of 174.93% and a negative net margin of 59.16%.
Wall Street Analyst Weigh In
Separately, Royal Bank of Canada cut their price objective on shares of Jumia Technologies from $5.00 to $4.75 and set a "sector perform" rating on the stock in a report on Friday, February 21st.
Get Our Latest Analysis on JMIA
Jumia Technologies Profile
(
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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