Jumia Technologies (NYSE:JMIA) Sees Unusually-High Trading Volume

Jumia Technologies AG (NYSE:JMIA) shares saw unusually-high trading volume on Wednesday . Approximately 2,757,703 shares changed hands during trading, a decline of 18% from the previous session’s volume of 3,357,852 shares.The stock last traded at $7.92 and had previously closed at $7.18.

Jumia Technologies Trading Up 1.9 %

The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.19 and a current ratio of 1.27. The business’s 50-day moving average is $6.44 and its two-hundred day moving average is $5.10.

Institutional Investors Weigh In On Jumia Technologies

Several large investors have recently added to or reduced their stakes in JMIA. Virtu Financial LLC acquired a new stake in Jumia Technologies during the 1st quarter worth $705,000. Laird Norton Trust Company LLC acquired a new stake in shares of Jumia Technologies during the 3rd quarter worth about $280,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Jumia Technologies in the first quarter worth approximately $528,000. Capstone Investment Advisors LLC acquired a new stake in shares of Jumia Technologies in the first quarter worth approximately $466,000. Finally, International Assets Investment Management LLC boosted its position in shares of Jumia Technologies by 236.3% in the fourth quarter. International Assets Investment Management LLC now owns 56,833 shares of the company’s stock worth $201,000 after acquiring an additional 39,933 shares during the last quarter. 16.50% of the stock is owned by hedge funds and other institutional investors.

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.