Jumia Technologies (NYSE:JMIA) Shares Gap Down to $7.22

Jumia Technologies AG (NYSE:JMIAGet Rating)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $7.22, but opened at $7.01. Jumia Technologies shares last traded at $7.07, with a volume of 9,119 shares changing hands.

Analysts Set New Price Targets

Separately, Stifel Nicolaus cut their price objective on Jumia Technologies from $9.00 to $8.00 in a research report on Tuesday, June 28th.

Jumia Technologies Stock Down 3.5 %

The company has a current ratio of 2.67, a quick ratio of 2.55 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average price of $7.07 and a two-hundred day moving average price of $7.31.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Advisor Group Holdings Inc. lifted its holdings in shares of Jumia Technologies by 3.6% in the 1st quarter. Advisor Group Holdings Inc. now owns 41,248 shares of the company’s stock valued at $150,000 after acquiring an additional 1,431 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Jumia Technologies by 9.5% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 19,781 shares of the company’s stock valued at $190,000 after acquiring an additional 1,711 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Jumia Technologies by 10.2% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 21,299 shares of the company’s stock valued at $129,000 after acquiring an additional 1,980 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Jumia Technologies by 2.7% in the 2nd quarter. Van ECK Associates Corp now owns 88,975 shares of the company’s stock valued at $539,000 after acquiring an additional 2,323 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Jumia Technologies by 94.7% in the 1st quarter. Exchange Traded Concepts LLC now owns 5,586 shares of the company’s stock valued at $54,000 after acquiring an additional 2,717 shares during the last quarter. Institutional investors own 19.74% of the company’s stock.

Jumia Technologies Company Profile

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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 consumers; logistics service that 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.

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