Jumia Technologies AG (NYSE:JMIA – Get Rating) saw strong trading volume on Friday . 75,223 shares traded hands during trading, a decline of 98% from the previous session's volume of 3,009,300 shares.The stock last traded at $6.33 and had previously closed at $6.45.
Separately, Stifel Nicolaus dropped their price objective on Jumia Technologies from $9.00 to $8.00 in a report on Tuesday, June 28th.
Get Jumia Technologies alerts:The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.09 and a current ratio of 3.20. The stock has a 50-day moving average of $6.62 and a 200-day moving average of $8.22.
Several institutional investors and hedge funds have recently bought and sold shares of JMIA. Spire Wealth Management raised its position in shares of Jumia Technologies by 432.1% during the fourth quarter. Spire Wealth Management now owns 2,586 shares of the company's stock worth $29,000 after purchasing an additional 2,100 shares during the period. Exchange Traded Concepts LLC lifted its position in shares of Jumia Technologies by 1,979.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 2,869 shares of the company's stock worth $33,000 after purchasing an additional 2,731 shares during the last quarter. Fairfield Bush & CO. acquired a new position in shares of Jumia Technologies during the 1st quarter worth about $66,000. Sterling Investment Advisors Ltd. lifted its position in shares of Jumia Technologies by 15,950.0% during the 4th quarter. Sterling Investment Advisors Ltd. now owns 8,025 shares of the company's stock worth $91,000 after purchasing an additional 7,975 shares during the last quarter. Finally, 360 Financial Inc. acquired a new position in shares of Jumia Technologies during the 1st quarter worth about $118,000. 37.98% of the stock is currently owned by institutional investors.About Jumia Technologies (NYSE:JMIA)
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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