Jumia Technologies (NYSE:JMIA) Stock Price Down 7.4%

Jumia Technologies AG (NYSE:JMIA)’s stock price traded down 7.4% during trading on Thursday . The stock traded as low as $6.00 and last traded at $6.05. 2,499,593 shares were traded during trading, a decline of 16% from the average session volume of 2,972,820 shares. The stock had previously closed at $6.53.

Jumia Technologies Stock Down 4.7 %

The company’s 50 day moving average is $5.45 and its 200 day moving average is $4.06. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.36 and a current ratio of 1.44.

Hedge Funds Weigh In On Jumia Technologies

A number of hedge funds have recently made changes to their positions in JMIA. GAMMA Investing LLC grew its holdings in shares of Jumia Technologies by 15.3% in the 1st quarter. GAMMA Investing LLC now owns 15,191 shares of the company’s stock worth $78,000 after purchasing an additional 2,011 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Jumia Technologies by 15.8% in the 1st quarter. International Assets Investment Management LLC now owns 18,650 shares of the company’s stock worth $95,000 after purchasing an additional 2,550 shares during the last quarter. Wealth Effects LLC grew its holdings in shares of Jumia Technologies by 4.0% in the 1st quarter. Wealth Effects LLC now owns 77,110 shares of the company’s stock worth $395,000 after purchasing an additional 2,960 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of Jumia Technologies by 138.6% in the 1st quarter. Global Retirement Partners LLC now owns 6,885 shares of the company’s stock worth $35,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Jumia Technologies by 430.6% during 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 last quarter. Institutional investors and hedge funds own 16.50% of the company’s stock.

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.