Jumia Technologies (NYSE:JMIA) Given “Sell (E+)” Rating at Weiss Ratings

Jumia Technologies (NYSE:JMIA)‘s stock had its “sell (e+)” rating reiterated by equities researchers at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Royal Bank Of Canada upgraded shares of Jumia Technologies from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $6.50 to $15.00 in a research note on Tuesday, September 16th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Jumia Technologies has an average rating of “Hold” and a consensus target price of $15.00.

Jumia Technologies Price Performance

JMIA stock opened at $12.63 on Wednesday. The company has a current ratio of 1.38, a quick ratio of 1.28 and a debt-to-equity ratio of 0.15. Jumia Technologies has a 1 year low of $1.60 and a 1 year high of $12.80. The stock’s fifty day moving average is $9.06 and its two-hundred day moving average is $5.20.

Hedge Funds Weigh In On Jumia Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Deuterium Capital Management LLC purchased a new position in Jumia Technologies during the 1st quarter valued at about $27,000. PDS Planning Inc purchased a new position in Jumia Technologies during the 1st quarter valued at about $31,000. GAMMA Investing LLC grew its stake in Jumia Technologies by 80.9% during the 2nd quarter. GAMMA Investing LLC now owns 7,795 shares of the company’s stock valued at $31,000 after acquiring an additional 3,485 shares in the last quarter. WealthTrust Axiom LLC grew its stake in shares of Jumia Technologies by 30.8% in the 1st quarter. WealthTrust Axiom LLC now owns 17,161 shares of the company’s stock valued at $37,000 after buying an additional 4,036 shares in the last quarter. Finally, Lido Advisors LLC bought a new stake in shares of Jumia Technologies in the 2nd quarter valued at approximately $41,000. 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.