Jumia Technologies (NYSE:JMIA) Shares Gap Down to $7.91

Jumia Technologies AG (NYSE:JMIA) shares gapped down prior to trading on Friday . The stock had previously closed at $7.91, but opened at $7.70. Jumia Technologies shares last traded at $7.27, with a volume of 547,730 shares traded.

Jumia Technologies Trading Down 9.4 %

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’s fifty day moving average is $6.32 and its 200 day moving average is $5.04.

Institutional Trading of Jumia Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of JMIA. Daiwa Securities Group Inc. acquired a new stake in shares of Jumia Technologies during the 4th quarter valued at about $61,000. Citigroup Inc. boosted its position in Jumia Technologies by 12.2% in the third quarter. Citigroup Inc. now owns 117,783 shares of the company’s stock valued at $311,000 after buying an additional 12,800 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Jumia Technologies by 59.3% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 28,880 shares of the company’s stock valued at $102,000 after buying an additional 10,746 shares in the last quarter. Jump Financial LLC acquired a new position in Jumia Technologies in the fourth quarter valued at about $113,000. Finally, International Assets Investment Management LLC boosted its position in Jumia Technologies by 236.3% in the fourth quarter. International Assets Investment Management LLC now owns 56,833 shares of the company’s stock valued at $201,000 after buying an additional 39,933 shares in the last quarter. 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.