Jumia Technologies (NYSE:JMIA) Trading 10.3% Higher – What’s Next?

Shares of Jumia Technologies AG (NYSE:JMIA) were up 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 assumed coverage on shares of Jumia Technologies in a report on Wednesday, November 13th. They set a “sector perform” rating and a $5.00 target price on the stock.

Jumia Technologies Stock Performance

The company has a current ratio of 1.80, a quick ratio of 1.73 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average price of $4.56 and a two-hundred day moving average price of $6.43.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Crumly & Associates Inc. bought a new stake in shares of Jumia Technologies during the third quarter valued at about $55,000. The Manufacturers Life Insurance Company bought a new position in shares of Jumia Technologies in the second quarter valued at approximately $74,000. Wrapmanager Inc. acquired a new position in shares of Jumia Technologies during the third quarter valued at approximately $58,000. RFG Advisory LLC raised its holdings in Jumia Technologies by 13.6% during the second quarter. RFG Advisory LLC now owns 12,500 shares of the company’s stock worth $88,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Hood River Capital Management LLC acquired a new stake in Jumia Technologies in the second quarter worth approximately $93,000. 16.50% of the stock is currently owned by 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.