Traders Purchase Large Volume of Jumia Technologies Call Options (NYSE:JMIA)

Jumia Technologies AG (NYSE:JMIA – Get Rating) was the target of some unusual options trading on Monday. Stock investors bought 8,892 call options on the stock. This represents an increase of 48% compared to the average volume of 5,988 call options.

Hedge Funds Weigh In On Jumia Technologies

A number of institutional investors and hedge funds have recently modified their holdings of JMIA. BNP Paribas Arbitrage SA boosted its stake in shares of Jumia Technologies by 455.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 614,712 shares of the company’s stock worth $5,889,000 after buying an additional 504,038 shares during the last quarter. Bank of America Corp DE lifted its position in Jumia Technologies by 409.1% during the first quarter. Bank of America Corp DE now owns 569,872 shares of the company’s stock valued at $5,460,000 after purchasing an additional 457,945 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Jumia Technologies during the third quarter valued at $1,962,000. State Street Corp lifted its position in 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 purchasing an additional 244,315 shares in the last quarter. Finally, Deutsche Bank AG purchased a new position in Jumia Technologies during the first quarter valued at $532,000. 22.22% of the stock is currently owned by hedge funds and other institutional investors.

Jumia Technologies Price Performance

Shares of JMIA opened at $3.17 on Tuesday. The business’s fifty day simple moving average is $2.96 and its two-hundred day simple moving average is $3.55. The company has a current ratio of 2.06, a quick ratio of 1.98 and a debt-to-equity ratio of 0.05. Jumia Technologies has a 12 month low of $2.55 and a 12 month high of $10.08.

Jumia Technologies Company Profile

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Jumia Technologies AG is engaged in the provision of logistic services. It operates though the e-Commerce platform segment. The e-Commerce platform segment consists of marketplace, which connects sellers with consumers to its logistics service, enabling the shipment and delivery of packages from sellers to consumers, and payment service, which facilitates transactions among participants active on platform in selected markets.