10,000 Shares in Jumia Technologies AG (NYSE:JMIA) Bought by Scotia Capital Inc.

Scotia Capital Inc. bought a new stake in shares of Jumia Technologies AG (NYSE:JMIA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,000 shares of the company’s stock, valued at approximately $38,000.

Several other hedge funds have also bought and sold shares of JMIA. Signaturefd LLC lifted its position in shares of Jumia Technologies by 98.9% during the 4th quarter. Signaturefd LLC now owns 6,809 shares of the company’s stock valued at $26,000 after buying an additional 3,385 shares in the last quarter. Blue Trust Inc. raised its stake 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 acquiring an additional 4,225 shares during the period. CenterStar Asset Management LLC purchased a new position in Jumia Technologies during the fourth quarter valued at approximately $42,000. Ballentine Partners LLC purchased a new position in Jumia Technologies during the fourth quarter valued at approximately $49,000. Finally, Daiwa Securities Group Inc. boosted its position in shares of Jumia Technologies by 118.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 14,145 shares of the company’s stock worth $54,000 after purchasing an additional 7,679 shares during the period. Institutional investors own 16.50% of the company’s stock.

Jumia Technologies Stock Performance

Shares of JMIA opened at $2.12 on Wednesday. The business’s 50 day moving average is $2.60 and its 200 day moving average is $3.72. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.80 and a quick ratio of 1.73. Jumia Technologies AG has a 12-month low of $1.60 and a 12-month high of $15.04.

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

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada decreased their price objective on shares of 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 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.