Jumia Technologies (NYSE:JMIA) Hits New 1-Year Low – Time to Sell?

Jumia Technologies (NYSE:JMIA)’s share price hit a new 52-week low on Thursday. The company traded as low as $4.93 and last traded at $4.9810, with a volume of 484,089 shares. The stock had previously closed at $5.43.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wall Street Zen lowered Jumia Technologies from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Zacks Research raised Jumia Technologies to a “hold” rating in a research report on Thursday, October 22nd. Royal Bank Of Canada cut their target price on Jumia Technologies from $15.00 to $13.00 and set an “outperform” rating on the stock in a research note on Thursday, August 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of Jumia Technologies in a report on Thursday, October 15th. Finally, Craig Hallum restated a “buy” rating and issued a $12.00 price objective on shares of Jumia Technologies in a report on Thursday, August 13th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $14.00.

Jumia Technologies Stock Up 7.5%

The company has a debt-to-equity ratio of 25.80, a current ratio of 0.88 and a quick ratio of 0.77. The stock’s 50 day simple moving average is $6.45 and its 200-day simple moving average is $7.33.

Hedge Funds Weigh In On Jumia Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JMIA. Key Client Fiduciary Advisors LLC lifted its stake in shares of Jumia Technologies by 9.4% in the second quarter. Key Client Fiduciary Advisors LLC now owns 19,164 shares of the company’s stock worth $135,000 after buying an additional 1,648 shares during the last quarter. Lido Advisors LLC grew its position in shares of Jumia Technologies by 18.3% in the third quarter. Lido Advisors LLC now owns 12,084 shares of the company’s stock valued at $80,000 after purchasing an additional 1,873 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Jumia Technologies by 9.5% in the first quarter. International Assets Investment Management LLC now owns 23,150 shares of the company’s stock worth $161,000 after purchasing an additional 2,000 shares during the period. GAMMA Investing LLC increased its stake in shares of Jumia Technologies by 27.9% in the third quarter. GAMMA Investing LLC now owns 10,006 shares of the company’s stock worth $67,000 after purchasing an additional 2,183 shares during the period. Finally, Boston Standard Wealth Management LLC lifted its position in shares of Jumia Technologies by 11.9% during the 3rd quarter. Boston Standard Wealth Management LLC now owns 23,584 shares of the company’s stock worth $157,000 after purchasing an additional 2,500 shares during the last quarter. Institutional investors and hedge funds own 16.50% of the company’s stock.

Jumia Technologies Company Profile

Jumia Technologies AG is an e-commerce company focused on serving consumers and businesses in Africa. Through its online marketplace, the company offers products across categories such as electronics, mobile phones, home goods, fashion, beauty and personal care, groceries, and other everyday essentials. Jumia connects customers with third-party sellers and brands, supporting product discovery, ordering, payment, and delivery.

The company also provides logistics services that facilitate deliveries for orders placed on its platform and, in some markets, for external merchants.