Jumia Technologies (NYSE:JMIA) Sees Strong Trading Volume

Shares of Jumia Technologies AG (NYSE:JMIA) saw unusually-high trading volume on Tuesday . Approximately 2,188,134 shares were traded during trading, a decline of 49% from the previous session’s volume of 4,332,195 shares.The stock last traded at $5.23 and had previously closed at $5.06.

Wall Street Analyst Weigh In

Separately, Benchmark reduced their price target on shares of Jumia Technologies from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th.

Jumia Technologies Price Performance

The company has a quick ratio of 1.19, a current ratio of 1.27 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average price of $9.42 and a 200-day moving average price of $6.68.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in shares of Jumia Technologies during the first quarter valued at $705,000. Headlands Technologies LLC purchased a new stake in shares of Jumia Technologies in the 2nd quarter worth approximately $931,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Jumia Technologies during the first quarter valued at approximately $528,000. Capstone Investment Advisors LLC purchased a new stake in Jumia Technologies during the first quarter worth $466,000. Finally, XTX Topco Ltd bought a new stake in Jumia Technologies during the 2nd quarter valued at $359,000. 16.50% of the stock is currently 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.