Jumia Technologies (NYSE:JMIA) Shares Up 10.3% – Here’s What Happened

Shares of Jumia Technologies AG (NYSE:JMIA) rose 10.3% on Monday . The stock traded as high as $5.12 and last traded at $5.04. Approximately 3,995,955 shares were traded during trading, an increase of 2% from the average daily volume of 3,919,281 shares. The stock had previously closed at $4.57.

Analyst Ratings Changes

Separately, Royal Bank of Canada initiated coverage on Jumia Technologies in a research report on Wednesday, November 13th. They issued a “sector perform” rating and a $5.00 price objective on the stock.

Jumia Technologies Price Performance

The business’s fifty day simple moving average is $4.54 and its two-hundred day simple moving average is $6.42. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.80 and a quick ratio of 1.73.

Institutional Trading of Jumia Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. RFG Advisory LLC grew its stake in Jumia Technologies by 13.6% in the 2nd quarter. RFG Advisory LLC now owns 12,500 shares of the company’s stock valued at $88,000 after acquiring an additional 1,500 shares during the period. Wealth Effects LLC lifted its holdings in Jumia Technologies by 4.1% during the second quarter. Wealth Effects LLC now owns 80,310 shares of the company’s stock valued at $564,000 after purchasing an additional 3,200 shares in the last quarter. CWM LLC grew its position in shares of Jumia Technologies by 8.1% in the second quarter. CWM LLC now owns 51,847 shares of the company’s stock valued at $364,000 after purchasing an additional 3,881 shares during the period. Boston Standard Wealth Management LLC increased its stake in shares of Jumia Technologies by 88.1% during the third quarter. Boston Standard Wealth Management LLC now owns 20,201 shares of the company’s stock worth $108,000 after purchasing an additional 9,459 shares in the last quarter. Finally, State Street Corp raised its position in shares of Jumia Technologies by 1.4% during the 3rd quarter. State Street Corp now owns 709,752 shares of the company’s stock worth $3,790,000 after purchasing an additional 9,567 shares during the last quarter. 16.50% of the stock is currently owned by hedge funds and other institutional investors.

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.