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

Shares of Jumia Technologies AG (NYSE:JMIA) fell 7.4% during mid-day trading on Thursday . The stock traded as low as $6.00 and last traded at $6.05. 2,499,593 shares changed hands during mid-day 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 Trading Down 4.7 %

The company has a debt-to-equity ratio of 0.03, a current ratio of 1.44 and a quick ratio of 1.36. The company has a fifty day moving average price of $5.45 and a 200-day moving average price of $4.06.

Institutional Investors Weigh In On Jumia Technologies

Several large investors have recently added to or reduced their stakes in JMIA. Blair William & Co. IL grew its stake in shares of Jumia Technologies by 171.8% during the first quarter. Blair William & Co. IL now owns 35,600 shares of the company’s stock valued at $182,000 after buying an additional 22,500 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Jumia Technologies during the first quarter valued at approximately $528,000. Deuterium Capital Management LLC bought a new position in shares of Jumia Technologies during the first quarter valued at approximately $63,000. Capstone Investment Advisors LLC bought a new position in shares of Jumia Technologies during the first quarter valued at approximately $466,000. Finally, Global Retirement Partners LLC grew its stake in shares of Jumia Technologies by 138.6% during the first quarter. Global Retirement Partners LLC now owns 6,885 shares of the company’s stock valued at $35,000 after buying an additional 4,000 shares during the last quarter. 16.50% of the stock is 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.