Benchmark assumed coverage on shares of Jumia Technologies (NYSE:JMIA – Free Report) in a research note released on Tuesday, Marketbeat.com reports. The firm issued a buy rating and a $14.00 price target on the stock.
Jumia Technologies Trading Up 8.2 %
NYSE:JMIA opened at $13.07 on Tuesday. Jumia Technologies has a 52-week low of $2.22 and a 52-week high of $13.20. The stock has a fifty day moving average of $7.62 and a 200 day moving average of $5.56. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.27 and a quick ratio of 1.19.
Institutional Investors Weigh In On Jumia Technologies
Large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its stake in Jumia Technologies by 430.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,688 shares of the company’s stock valued at $27,000 after buying an additional 6,239 shares during the period. Global Retirement Partners LLC boosted its stake in 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 period. GAMMA Investing LLC bought a new stake in Jumia Technologies during the fourth quarter worth about $47,000. RFG Advisory LLC bought a new stake in Jumia Technologies during the first quarter worth about $56,000. Finally, Daiwa Securities Group Inc. bought a new stake in Jumia Technologies during the fourth quarter worth about $61,000. Institutional investors 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.
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