Jumia Technologies (NYSE:JMIA) Shares Gap Down to $7.91

Jumia Technologies AG (NYSE:JMIA)’s share price gapped down before the market opened on Friday . The stock had previously closed at $7.91, but opened at $7.70. Jumia Technologies shares last traded at $7.27, with a volume of 547,730 shares trading hands.

Jumia Technologies Stock Down 9.4 %

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 has a fifty day moving average of $6.32 and a 200 day moving average of $5.04.

Hedge Funds Weigh In On Jumia Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Daiwa Securities Group Inc. bought a new position in shares of Jumia Technologies during the fourth quarter valued at approximately $61,000. Citigroup Inc. raised its holdings in Jumia Technologies by 12.2% in the third quarter. Citigroup Inc. now owns 117,783 shares of the company’s stock worth $311,000 after purchasing an additional 12,800 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Jumia Technologies by 59.3% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 28,880 shares of the company’s stock worth $102,000 after purchasing an additional 10,746 shares in the last quarter. Jump Financial LLC bought a new position in Jumia Technologies in the fourth quarter worth $113,000. Finally, International Assets Investment Management LLC raised its holdings in 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 purchasing an additional 39,933 shares in the last quarter. Institutional investors own 16.50% of the company’s stock.

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.