Jumia Technologies (NYSE:JMIA) Shares Gap Up to $5.47

Shares of Jumia Technologies AG (NYSE:JMIA) gapped up prior to trading on Tuesday . The stock had previously closed at $5.47, but opened at $6.13. Jumia Technologies shares last traded at $6.40, with a volume of 3,372,940 shares trading hands.

Jumia Technologies Trading Down 4.7 %

The company has a current ratio of 1.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average of $5.45 and a 200-day moving average of $4.08.

Institutional Investors Weigh In On Jumia Technologies

Large investors have recently bought and sold shares of the stock. Blair William & Co. IL boosted its holdings in Jumia Technologies by 171.8% in the first quarter. Blair William & Co. IL now owns 35,600 shares of the company’s stock valued at $182,000 after purchasing an additional 22,500 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Jumia Technologies during the 1st quarter worth $528,000. Deuterium Capital Management LLC purchased a new stake in Jumia Technologies in the first quarter valued at $63,000. Capstone Investment Advisors LLC acquired a new position in Jumia Technologies in the first quarter valued at $466,000. Finally, Global Retirement Partners LLC grew its holdings in shares of Jumia Technologies by 138.6% during the first quarter. Global Retirement Partners LLC now owns 6,885 shares of the company’s stock worth $35,000 after purchasing an additional 4,000 shares during the last quarter. Hedge funds and other 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.