Jumia Technologies AG (NYSE:JMIA – Get Rating) saw unusually large options trading activity on Wednesday. Stock traders acquired 42,296 call options on the stock. This is an increase of approximately 300% compared to the average volume of 10,564 call options.
Jumia Technologies Trading Up 6.2 %
NYSE:JMIA opened at $6.64 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.20 and a quick ratio of 3.09. Jumia Technologies has a twelve month low of $4.47 and a twelve month high of $22.64. The company's 50 day moving average is $6.33 and its two-hundred day moving average is $7.54.
Get Jumia Technologies alerts:Analyst Ratings Changes
Separately, Stifel Nicolaus dropped their target price on shares of Jumia Technologies from $9.00 to $8.00 in a research report on Tuesday, June 28th.
Institutional Trading of Jumia Technologies
Several institutional investors and hedge funds have recently bought and sold shares of JMIA. Renaissance Technologies LLC lifted its stake in Jumia Technologies by 1,227.0% during the 4th quarter. Renaissance Technologies LLC now owns 1,210,269 shares of the company's stock valued at $13,797,000 after acquiring an additional 1,119,069 shares during the period. BNP Paribas Arbitrage SA lifted its stake in Jumia Technologies by 455.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 614,712 shares of the company's stock valued at $5,889,000 after acquiring an additional 504,038 shares during the period. Bank of America Corp DE lifted its stake in Jumia Technologies by 409.1% during the 1st quarter. Bank of America Corp DE now owns 569,872 shares of the company's stock valued at $5,460,000 after acquiring an additional 457,945 shares during the period. Credit Suisse AG lifted its stake in Jumia Technologies by 308.9% during the 4th quarter. Credit Suisse AG now owns 593,503 shares of the company's stock valued at $6,766,000 after acquiring an additional 448,347 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its stake in Jumia Technologies by 518.2% during the 4th quarter. Cubist Systematic Strategies LLC now owns 343,255 shares of the company's stock valued at $3,913,000 after acquiring an additional 287,730 shares during the period. 37.98% of the stock is currently owned by institutional investors and hedge funds.Jumia Technologies Company Profile
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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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