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

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

Hedge Funds Weigh In On Jumia Technologies

Several institutional investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in Jumia Technologies by 69.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 115,581 shares of the company’s stock valued at $305,000 after purchasing an additional 47,487 shares during the period. Deuterium Capital Management LLC bought a new position in Jumia Technologies in the 3rd quarter worth approximately $33,000. Laird Norton Trust Company LLC acquired a new stake in Jumia Technologies in the 3rd quarter valued at approximately $280,000. Belpointe Asset Management LLC raised its stake in Jumia Technologies by 45.1% during the 3rd quarter. Belpointe Asset Management LLC now owns 76,288 shares of the company’s stock valued at $201,000 after acquiring an additional 23,694 shares in the last quarter. Finally, Citigroup Inc. boosted its position in Jumia Technologies by 12.2% during the 3rd quarter. Citigroup Inc. now owns 117,783 shares of the company’s stock worth $311,000 after acquiring an additional 12,800 shares during the period. Institutional investors own 16.50% of the company’s stock.

Jumia Technologies Price Performance

Shares of JMIA opened at $6.53 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.36 and a current ratio of 1.44. Jumia Technologies has a 12 month low of $2.22 and a 12 month high of $8.10. The stock has a fifty day moving average price of $5.45 and a 200 day moving average price of $4.06.

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.