Jumia Technologies (NYSE:JMIA) Shares Gap Down – Should You Sell?

Jumia Technologies (NYSE:JMIA) gapped down before the market opened on Wednesday . The stock had previously closed at $10.56, but opened at $10.20. Jumia Technologies shares last traded at $9.89, with a volume of 4,020,022 shares trading hands.

Analyst Upgrades and Downgrades

JMIA has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Jumia Technologies in a research report on Wednesday, October 8th. Royal Bank Of Canada raised Jumia Technologies from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $6.50 to $15.00 in a research note on Tuesday, September 16th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $15.00.

Jumia Technologies Price Performance

The company has a current ratio of 1.38, a quick ratio of 1.28 and a debt-to-equity ratio of 0.15. The business has a 50-day simple moving average of $11.04 and a 200 day simple moving average of $6.81.

Jumia Technologies (NYSE:JMIA) last announced its quarterly earnings results on Wednesday, November 12th. The company reported ($999.00) EPS for the quarter. Jumia Technologies had a negative return on equity of 89.98% and a negative net margin of 42.52%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. lifted its stake in shares of Jumia Technologies by 18.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 465,846 shares of the company’s stock valued at $5,408,000 after purchasing an additional 71,254 shares during the period. JPMorgan Chase & Co. grew its holdings in Jumia Technologies by 58,116.1% in the second quarter. JPMorgan Chase & Co. now owns 224,714 shares of the company’s stock worth $903,000 after purchasing an additional 224,328 shares during the period. one8zero8 LLC bought a new stake in shares of Jumia Technologies in the 3rd quarter worth approximately $1,611,000. Banque Transatlantique SA increased its position in Jumia Technologies by 109,875.5% during the 1st quarter. Banque Transatlantique SA now owns 120,973 shares of the company’s stock valued at $240,000 after buying an additional 120,863 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new stake in Jumia Technologies in the second quarter worth $402,000. Hedge funds and other 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.