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

Jumia Technologies AG (NYSE:JMIA) saw an uptick in trading volume on Wednesday . 2,757,703 shares traded 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 Price Performance

The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average is $6.57 and its 200 day moving average is $5.13.

Hedge Funds Weigh In On Jumia Technologies

Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC lifted its stake in Jumia Technologies by 430.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,688 shares of the company’s stock worth $27,000 after acquiring an additional 6,239 shares during the period. Global Retirement Partners LLC raised its position in shares of Jumia Technologies by 138.6% in the 1st quarter. Global Retirement Partners LLC now owns 6,885 shares of the company’s stock worth $35,000 after acquiring an additional 4,000 shares in the last quarter. GAMMA Investing LLC bought a new position in Jumia Technologies in the fourth quarter worth about $47,000. RFG Advisory LLC purchased a new stake in shares of Jumia Technologies during the first quarter valued at about $56,000. Finally, Daiwa Securities Group Inc. purchased a new position in Jumia Technologies in the fourth quarter worth $61,000. 16.50% of the stock is currently owned by institutional investors.

About Jumia Technologies

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.