Jumia Technologies Target of Unusually Large Options Trading (NYSE:JMIA)

Jumia Technologies AG (NYSE:JMIA) was the target of unusually large options trading on Tuesday. Stock investors purchased 18,231 call options on the company. This represents an increase of approximately 90% compared to the typical volume of 9,578 call options.

Jumia Technologies Trading Up 18.1 %

JMIA opened at $6.46 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.44 and a quick ratio of 1.36. Jumia Technologies has a 1 year low of $2.22 and a 1 year high of $8.10. The firm has a 50 day moving average price of $5.43 and a 200 day moving average price of $4.04.

Institutional Investors Weigh In On Jumia Technologies

Several large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC lifted its holdings in shares of Jumia Technologies by 430.6% during 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 acquired a new stake in Jumia Technologies in the 3rd quarter valued at $33,000. Global Retirement Partners LLC raised its position in Jumia Technologies by 138.6% in the first quarter. Global Retirement Partners LLC now owns 6,885 shares of the company’s stock valued at $35,000 after purchasing an additional 4,000 shares during the period. GAMMA Investing LLC acquired a new position in shares of Jumia Technologies during the fourth quarter worth about $47,000. Finally, RFG Advisory LLC purchased a new stake in shares of Jumia Technologies in the first quarter worth about $56,000. Institutional investors and hedge funds own 16.50% of the company’s stock.

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.