Jumia Technologies Target of Unusually High Options Trading (NYSE:JMIA)

Jumia Technologies AG (NYSE:JMIA) was the recipient of unusually large options trading on Friday. Investors bought 17,624 call options on the stock. This is an increase of approximately 54% compared to the average volume of 11,465 call options.

Jumia Technologies Price Performance

NYSE:JMIA traded up $0.42 during trading hours on Friday, reaching $6.08. The company’s stock had a trading volume of 1,987,246 shares, compared to its average volume of 3,103,539. Jumia Technologies has a one year low of $2.22 and a one year high of $8.10. The business’s 50-day moving average is $5.32 and its 200-day moving average is $4.34. 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 Investors Weigh In On Jumia Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its position in shares of Jumia Technologies by 430.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,688 shares of the company’s stock valued at $27,000 after buying an additional 6,239 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of Jumia Technologies by 138.6% during the first quarter. Global Retirement Partners LLC now owns 6,885 shares of the company’s stock worth $35,000 after buying an additional 4,000 shares during the period. GAMMA Investing LLC acquired a new stake in shares of Jumia Technologies during the fourth quarter worth $47,000. RFG Advisory LLC acquired a new stake in Jumia Technologies in the first quarter worth $56,000. Finally, Daiwa Securities Group Inc. acquired a new stake in Jumia Technologies in the fourth quarter worth $61,000. 16.50% of the stock is currently owned by institutional investors and hedge funds.

About Jumia Technologies

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.