Jumia Technologies AG (NYSE:JMIA – Get Rating)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $8.57, but opened at $8.23. Jumia Technologies shares last traded at $8.24, with a volume of 19,395 shares.
Analysts Set New Price Targets
Separately, Stifel Nicolaus reduced their price target on shares of Jumia Technologies from $9.00 to $8.00 in a research report on Tuesday, June 28th.
Get Jumia Technologies alerts:Jumia Technologies Stock Performance
The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.55 and a current ratio of 2.67. The stock's 50 day moving average price is $6.51 and its two-hundred day moving average price is $7.55.
Hedge Funds Weigh In On Jumia Technologies
Institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its stake in shares of Jumia Technologies by 1,227.0% during the 4th quarter. Renaissance Technologies LLC now owns 1,210,269 shares of the company's stock worth $13,797,000 after purchasing an additional 1,119,069 shares during the period. International Assets Investment Management LLC grew its stake in shares of Jumia Technologies by 17.7% during the 1st quarter. International Assets Investment Management LLC now owns 22,950 shares of the company's stock worth $220,000 after purchasing an additional 3,450 shares during the period. 360 Financial Inc. purchased a new stake in shares of Jumia Technologies in the 1st quarter worth about $118,000. C2C Wealth Management LLC purchased a new stake in shares of Jumia Technologies in the 4th quarter worth about $116,000. Finally, OneAscent Financial Services LLC purchased a new stake in shares of Jumia Technologies in the 4th quarter worth about $171,000. 37.98% of the stock is owned by institutional investors and hedge funds.About Jumia Technologies
(Get Rating)
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.
See Also
- Get a free copy of the StockNews.com research report on Jumia Technologies (JMIA)
- Apple's Stock Could Be On The Verge Of Another 30% Rally
- Near-Term Headwinds Present An Opportunity In Ross Stores
- If You Hate Speed Cameras, Then You'll Like Verra Mobility Stock
- Institutional Support For TJX Companies May Cap Gains
- Is Sanofi A Buy, Despite Recent Stumbles?
Receive News & Ratings for Jumia Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jumia Technologies and related companies with MarketBeat.com's FREE daily email newsletter.