Jumia Technologies Sees Unusually Large Options Volume (NYSE:JMIA)

Jumia Technologies AG (NYSE:JMIA) was the recipient of unusually large options trading activity on Wednesday. Stock investors purchased 40,321 call options on the company. This is an increase of approximately 160% compared to the average volume of 15,531 call options.

Institutional Investors Weigh In On Jumia Technologies

A number of hedge funds have recently made changes to their positions in the business. Virtu Financial LLC bought a new stake in shares of Jumia Technologies during the first quarter valued at approximately $705,000. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Jumia Technologies by 5.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 119,588 shares of the company’s stock valued at $422,000 after buying an additional 6,245 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Jumia Technologies by 12.2% during 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 during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Jumia Technologies during the first quarter valued at approximately $528,000. Finally, Capstone Investment Advisors LLC bought a new stake in shares of Jumia Technologies during the first quarter valued at approximately $466,000. Institutional investors own 16.50% of the company’s stock.

Jumia Technologies Stock Performance

JMIA opened at $12.29 on Friday. The business’s 50 day moving average is $8.83 and its 200-day moving average is $6.15. The company has a quick ratio of 1.19, a current ratio of 1.27 and a debt-to-equity ratio of 0.05. Jumia Technologies has a twelve month low of $2.22 and a twelve month high of $15.04.

Wall Street Analyst Weigh In

Separately, Benchmark began coverage on shares of Jumia Technologies in a report on Tuesday, July 9th. They issued a “buy” rating and a $14.00 target price on the stock.

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.