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

Shares of Jumia Technologies AG (NYSE:JMIAGet Free Report) saw unusually-strong trading volume on Friday . Approximately 5,463,751 shares were traded during trading, an increase of 78% from the previous session’s volume of 3,074,706 shares.The stock last traded at $6.86 and had previously closed at $6.66.

Jumia Technologies Trading Up 1.7 %

The business has a 50-day simple moving average of $5.38 and a 200-day simple moving average of $4.25. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.19 and a current ratio of 1.27.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. lifted its position in shares of Jumia Technologies by 5.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 119,588 shares of the company’s stock valued at $422,000 after buying an additional 6,245 shares during the last quarter. Citigroup Inc. lifted its position in Jumia Technologies by 12.2% during the third quarter. Citigroup Inc. now owns 117,783 shares of the company’s stock valued at $311,000 after acquiring an additional 12,800 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Jumia Technologies by 69.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 115,581 shares of the company’s stock valued at $305,000 after acquiring an additional 47,487 shares in the last quarter. Laird Norton Trust Company LLC purchased a new position in Jumia Technologies in the third quarter worth $280,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Jumia Technologies during the first quarter worth $528,000. Institutional investors own 16.50% of the company’s stock.

Jumia Technologies Company Profile

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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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