SBI Securities Co. Ltd. Buys Shares of 306,479 Jumia Technologies AG (NYSE:JMIA)

SBI Securities Co. Ltd. purchased a new position in shares of Jumia Technologies AG (NYSE:JMIA) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 306,479 shares of the company’s stock, valued at approximately $1,171,000. SBI Securities Co. Ltd. owned approximately 0.30% of Jumia Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of JMIA. Blue Trust Inc. boosted its position in Jumia Technologies by 148.4% during the 4th quarter. Blue Trust Inc. now owns 7,072 shares of the company’s stock worth $27,000 after buying an additional 4,225 shares during the period. CenterStar Asset Management LLC acquired a new position in shares of Jumia Technologies during the fourth quarter worth $42,000. Ballentine Partners LLC bought a new stake in shares of Jumia Technologies in the fourth quarter worth $49,000. Crumly & Associates Inc. acquired a new stake in Jumia Technologies in the third quarter valued at $55,000. Finally, Wrapmanager Inc. bought a new position in Jumia Technologies during the 3rd quarter worth $58,000. 16.50% of the stock is currently owned by institutional investors.

Jumia Technologies Stock Performance

Jumia Technologies stock opened at $2.31 on Tuesday. Jumia Technologies AG has a 52-week low of $2.28 and a 52-week high of $15.04. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.73 and a current ratio of 1.80. The firm has a 50 day moving average price of $3.73 and a two-hundred day moving average price of $4.31.

Jumia Technologies (NYSE:JMIA) last announced its earnings results on Thursday, February 20th. The company reported ($999.00) earnings per share for the quarter. The firm had revenue of $45.69 million for the quarter. Jumia Technologies had a negative return on equity of 174.93% and a negative net margin of 59.16%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reduced their price target on Jumia Technologies from $5.00 to $4.75 and set a “sector perform” rating on the stock in a research report on Friday, February 21st.

Jumia Technologies 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.