Jumia Technologies (NYSE:JMIA) Trading Down 2.8%

Jumia Technologies AG (NYSE:JMIA)’s stock price fell 2.8% during trading on Monday . The stock traded as low as $6.48 and last traded at $6.58. 551,712 shares traded hands during trading, a decline of 82% from the average session volume of 3,067,323 shares. The stock had previously closed at $6.77.

Jumia Technologies Stock Performance

The firm’s 50-day moving average is $5.37 and its 200 day moving average is $4.32. The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 0.05.

Institutional Trading of Jumia Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC grew its position in shares of Jumia Technologies by 138.6% in the 1st quarter. Global Retirement Partners LLC now owns 6,885 shares of the company’s stock valued at $35,000 after buying an additional 4,000 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Jumia Technologies by 430.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,688 shares of the company’s stock valued at $27,000 after acquiring an additional 6,239 shares during the last quarter. RFG Advisory LLC acquired a new stake in Jumia Technologies during the 1st quarter valued at approximately $56,000. Deuterium Capital Management LLC bought a new position in Jumia Technologies during the 1st quarter worth approximately $63,000. Finally, GAMMA Investing LLC acquired a new position in shares of Jumia Technologies in the 4th quarter worth approximately $47,000. 16.50% of the stock is currently owned by institutional investors and hedge funds.

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.