Jumia Technologies (NYSE:JMIA) Shares Gap Down to $10.69

Jumia Technologies AG (NYSE:JMIA) shares gapped down prior to trading on Monday . The stock had previously closed at $10.69, but opened at $9.07. Jumia Technologies shares last traded at $10.04, with a volume of 793,802 shares traded.

Wall Street Analysts Forecast Growth

Separately, Benchmark cut their price target on shares of Jumia Technologies from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday.

Jumia Technologies Price Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.19 and a current ratio of 1.27. The company has a fifty day moving average price of $9.58 and a 200-day moving average price of $6.63.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new position in Jumia Technologies during the first quarter valued at approximately $705,000. Susquehanna Fundamental Investments LLC acquired a new position in Jumia Technologies during the 1st quarter worth $528,000. Capstone Investment Advisors LLC bought a new stake in Jumia Technologies during the first quarter valued at about $466,000. International Assets Investment Management LLC grew its position in shares of Jumia Technologies by 236.3% in the fourth quarter. International Assets Investment Management LLC now owns 56,833 shares of the company’s stock valued at $201,000 after purchasing an additional 39,933 shares during the last quarter. Finally, Jump Financial LLC bought a new position in shares of Jumia Technologies in the fourth quarter worth about $113,000. Institutional investors and hedge funds own 16.50% of the company’s 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.