Jumia Technologies (NYSE:JMIA) Shares Gap Up to $5.47

Jumia Technologies AG (NYSE:JMIA)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $5.47, but opened at $6.13. Jumia Technologies shares last traded at $6.40, with a volume of 3,372,940 shares trading hands.

Jumia Technologies Stock Performance

The company’s fifty day moving average price is $5.45 and its two-hundred day moving average price is $4.08. The company has a quick ratio of 1.36, a current ratio of 1.44 and a debt-to-equity ratio of 0.03.

Institutional Investors Weigh In On Jumia Technologies

A number of large investors have recently bought and sold shares of JMIA. Tower Research Capital LLC TRC increased its position in Jumia Technologies by 430.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,688 shares of the company’s stock valued at $27,000 after acquiring an additional 6,239 shares in the last quarter. Deuterium Capital Management LLC bought a new position in shares of Jumia Technologies in the 3rd quarter valued at about $33,000. Global Retirement Partners LLC raised its position in shares of Jumia Technologies by 138.6% during the 1st quarter. Global Retirement Partners LLC now owns 6,885 shares of the company’s stock valued at $35,000 after acquiring an additional 4,000 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of Jumia Technologies in the 4th quarter valued at $47,000. Finally, RFG Advisory LLC acquired a new stake in shares of Jumia Technologies during the first quarter worth $56,000. 16.50% of the stock is currently owned by institutional investors.

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.