Stock Traders Purchase Large Volume of Call Options on Jumia Technologies (NYSE:JMIA) – MarketBeat
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Jumia Technologies AG (NYSE:JMIA – Get Rating) was the recipient of unusually large options trading on Friday. Stock investors bought 20,189 call options on the company. This is an increase of 50% compared to the typical volume of 13,424 call options.
Jumia Technologies Stock Up 4.9 %
Shares of JMIA stock traded up $0.37 on Friday, reaching $7.89. The company’s stock had a trading volume of 20,527 shares, compared to its average volume of 3,522,134. The company has a current ratio of 2.67, a quick ratio of 2.55 and a debt-to-equity ratio of 0.04. Jumia Technologies has a 12-month low of $4.47 and a 12-month high of $21.59. The stock’s 50 day simple moving average is $6.84 and its 200-day simple moving average is $7.38.
Wall Street Analysts Forecast Growth
Separately, Stifel Nicolaus reduced their target price on Jumia Technologies from $9.00 to $8.00 in a report on Tuesday, June 28th.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. ExodusPoint Capital Management LP bought a new position in Jumia Technologies in the second quarter valued at $535,000. International Assets Investment Management LLC grew its stake in shares of Jumia Technologies by 19.8% during the second quarter. International Assets Investment Management LLC now owns 27,500 shares of the company’s stock valued at $167,000 after buying an additional 4,550 shares during the last quarter. State Street Corp grew its stake in shares of Jumia Technologies by 166.5% during the second quarter. State Street Corp now owns 391,054 shares of the company’s stock valued at $2,370,000 after buying an additional 244,315 shares during the last quarter. Hidden Lake Asset Management LP bought a new stake in shares of Jumia Technologies in the second quarter worth about $6,140,000. Finally, Quantbot Technologies LP grew its stake in shares of Jumia Technologies by 169.5% in the second quarter. Quantbot Technologies LP now owns 37,977 shares of the company’s stock worth $230,000 after purchasing an additional 23,883 shares during the last quarter. Institutional investors own 19.74% of the company’s stock.
About Jumia Technologies
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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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