GAMMA Investing LLC Has $78,000 Stock Position in Jumia Technologies AG (NYSE:JMIA)

GAMMA Investing LLC boosted its stake in shares of Jumia Technologies AG (NYSE:JMIA) by 15.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,191 shares of the company’s stock after purchasing an additional 2,011 shares during the quarter. GAMMA Investing LLC’s holdings in Jumia Technologies were worth $78,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted 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 worth $27,000 after acquiring an additional 6,239 shares during the period. Vanguard Personalized Indexing Management LLC lifted 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 worth $102,000 after purchasing an additional 10,746 shares during the period. Jump Financial LLC acquired a new stake in Jumia Technologies during the fourth quarter worth $113,000. Daiwa Securities Group Inc. bought a new stake in Jumia Technologies in the 4th quarter valued at $61,000. Finally, International Assets Investment Management LLC raised its stake in shares of Jumia Technologies by 236.3% in the 4th 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 owned by institutional investors.

Jumia Technologies Price Performance

Shares of Jumia Technologies stock opened at $7.17 on Monday. The firm’s 50-day simple moving average is $6.32 and its 200-day simple moving average is $5.05. Jumia Technologies AG has a twelve month low of $2.22 and a twelve month high of $10.55. The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 0.05.

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.