Jumia Technologies (NYSE:JMIA) Trading Down 4%

Jumia Technologies AG (NYSE:JMIA)’s stock price was down 4% during trading on Thursday . The company traded as low as $6.95 and last traded at $6.99. Approximately 1,550,952 shares changed hands during trading, a decline of 54% from the average daily volume of 3,374,883 shares. The stock had previously closed at $7.28.

Jumia Technologies Stock Down 0.5 %

The firm’s 50 day simple moving average is $6.50 and its two-hundred day simple moving average is $5.12. The company has a quick ratio of 1.19, a current ratio of 1.27 and a debt-to-equity ratio of 0.05.

Institutional Trading of Jumia Technologies

A number of institutional investors have recently modified their holdings of JMIA. Virtu Financial LLC bought a new position in shares of Jumia Technologies in the first quarter worth about $705,000. Raymond James Financial Services Advisors Inc. lifted its stake in Jumia Technologies by 5.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 119,588 shares of the company’s stock valued at $422,000 after purchasing an additional 6,245 shares during the last quarter. Citigroup Inc. boosted its position 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 in the last quarter. Laird Norton Trust Company LLC bought a new stake in shares of Jumia Technologies during the third quarter worth $280,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Jumia Technologies in the 1st quarter valued at $528,000. 16.50% of the stock is currently owned by 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.