Jumia Technologies (NYSE:JMIA) Shares Gap Up to $6.66

Jumia Technologies AG (NYSE:JMIAGet Free Report)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $6.66, but opened at $6.90. Jumia Technologies shares last traded at $7.00, with a volume of 2,026,809 shares.

Jumia Technologies Price Performance

The company has a quick ratio of 1.19, a current ratio of 1.27 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average price of $5.38 and a 200-day moving average price of $4.25.

Institutional Trading of Jumia Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in Jumia Technologies by 15.3% during the first quarter. GAMMA Investing LLC now owns 15,191 shares of the company’s stock worth $78,000 after acquiring an additional 2,011 shares during the period. International Assets Investment Management LLC grew its holdings in Jumia Technologies by 15.8% during the first quarter. International Assets Investment Management LLC now owns 18,650 shares of the company’s stock worth $95,000 after acquiring an additional 2,550 shares during the period. Wealth Effects LLC increased its position in shares of Jumia Technologies by 4.0% in the first quarter. Wealth Effects LLC now owns 77,110 shares of the company’s stock valued at $395,000 after buying an additional 2,960 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of Jumia Technologies by 138.6% during 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 in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Jumia Technologies by 430.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,688 shares of the company’s stock worth $27,000 after acquiring an additional 6,239 shares in the last quarter. 16.50% of the stock is 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 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.

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