Jumia Technologies Sees Unusually High Options Volume (NYSE:JMIA)

Jumia Technologies AG (NYSE:JMIA) was the recipient of some unusual options trading activity on Friday. Stock traders acquired 17,624 call options on the company. This represents an increase of 54% compared to the typical daily volume of 11,465 call options.

Jumia Technologies Trading Up 8.8 %

NYSE JMIA opened at $6.16 on Friday. The company’s 50 day moving average is $5.31 and its 200-day moving average is $4.36. Jumia Technologies has a 12-month low of $2.22 and a 12-month high of $8.10. 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 Trading of Jumia Technologies

Several hedge funds and other institutional investors have recently modified their holdings of JMIA. Virtu Financial LLC bought a new stake in Jumia Technologies during the 1st quarter worth approximately $705,000. Raymond James Financial Services Advisors Inc. grew its stake in Jumia Technologies by 5.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 119,588 shares of the company’s stock worth $422,000 after buying an additional 6,245 shares in the last quarter. Citigroup Inc. grew its stake in Jumia Technologies by 12.2% in the 3rd quarter. Citigroup Inc. now owns 117,783 shares of the company’s stock worth $311,000 after buying an additional 12,800 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Jumia Technologies by 69.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 115,581 shares of the company’s stock worth $305,000 after buying an additional 47,487 shares in the last quarter. Finally, Laird Norton Trust Company LLC purchased a new position in Jumia Technologies in the 3rd quarter worth approximately $280,000. 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.