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

Jumia Technologies AG (NYSE:JMIAGet Free Report) was the target of some unusual options trading activity on Tuesday. Investors bought 17,357 call options on the company. This is an increase of approximately 21% compared to the typical volume of 14,298 call options.

Jumia Technologies Stock Performance

JMIA traded up $1.86 during trading on Tuesday, reaching $10.32. 9,325,792 shares of the company’s stock were exchanged, compared to its average volume of 3,437,906. Jumia Technologies has a fifty-two week low of $2.22 and a fifty-two week high of $10.92. 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 business has a 50 day moving average price of $7.04 and a 200 day moving average price of $5.36.

Wall Street Analyst Weigh In

Separately, Benchmark initiated coverage on Jumia Technologies in a research report on Tuesday. They set a “buy” rating and a $14.00 target price on the stock.

View Our Latest Stock Report on Jumia Technologies

Institutional Trading of Jumia Technologies

Institutional investors have recently made changes to their positions in the business. Virtu Financial LLC bought a new position in Jumia Technologies during the first quarter worth about $705,000. Raymond James Financial Services Advisors Inc. lifted its position in shares of Jumia Technologies by 5.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 119,588 shares of the company’s stock worth $422,000 after buying an additional 6,245 shares during the period. Citigroup Inc. boosted its stake in Jumia Technologies by 12.2% in the 3rd 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. Susquehanna Fundamental Investments LLC bought a new stake in Jumia Technologies in the first quarter valued at $528,000. Finally, Capstone Investment Advisors LLC bought a new stake in Jumia Technologies in the first quarter valued at $466,000. 16.50% of the stock is currently owned by institutional investors and hedge funds.

About Jumia Technologies

(Get Free Report)

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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