Jumia Technologies AG (NYSE:JMIA – Get Rating) gapped up prior to trading on Wednesday . The stock had previously closed at $6.92, but opened at $7.65. Jumia Technologies shares last traded at $7.62, with a volume of 55,986 shares.
Analyst Ratings Changes
Separately, Stifel Nicolaus lowered their price target on shares of Jumia Technologies from $9.00 to $8.00 in a report on Tuesday, June 28th.
Get Jumia Technologies alerts:Jumia Technologies Trading Up 3.7 %
The company has a 50 day moving average of $6.35 and a 200-day moving average of $7.50. The company has a quick ratio of 3.09, a current ratio of 3.20 and a debt-to-equity ratio of 0.02.
Hedge Funds Weigh In On Jumia Technologies
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Trexquant Investment LP purchased a new position in Jumia Technologies during the 2nd quarter valued at $66,000. RWC Asset Management LLP bought a new stake in shares of Jumia Technologies during the 2nd quarter valued at about $950,000. Landscape Capital Management L.L.C. increased its position in shares of Jumia Technologies by 29.3% during the second quarter. Landscape Capital Management L.L.C. now owns 99,125 shares of the company's stock valued at $601,000 after buying an additional 22,477 shares during the period. Steward Partners Investment Advisory LLC raised its stake in Jumia Technologies by 10.2% in the second quarter. Steward Partners Investment Advisory LLC now owns 21,299 shares of the company's stock worth $129,000 after buying an additional 1,980 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in Jumia Technologies by 12.9% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 22,341 shares of the company's stock worth $135,000 after buying an additional 2,560 shares during the period. Institutional investors own 37.98% of the company's stock.About Jumia Technologies
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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 consumers; logistics service that 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.
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