Renaissance Capital Initiates Coverage on Jumia Technologies (NYSE:JMIA)
Renaissance Capital assumed coverage on shares of Jumia Technologies (NYSE:JMIA) in a research report report published on Thursday morning, The Fly reports. The brokerage issued a sell rating and a $3.50 target price on the stock.
Other analysts have also recently issued research reports about the stock. ValuEngine cut shares of Jumia Technologies from a buy rating to a hold rating in a report on Wednesday, September 4th. Raymond James decreased their price objective on shares of Jumia Technologies from $23.00 to $8.00 and set an outperform rating for the company in a report on Wednesday, November 13th. Stifel Nicolaus restated a buy rating and issued a $14.00 price objective on shares of Jumia Technologies in a report on Friday, November 1st. Morgan Stanley raised shares of Jumia Technologies from an underweight rating to an equal weight rating and dropped their target price for the stock from $22.00 to $13.00 in a research report on Tuesday, August 20th. Finally, Zacks Investment Research raised shares of Jumia Technologies from a hold rating to a buy rating and set a $6.25 target price on the stock in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $19.09.
Shares of Jumia Technologies stock opened at $5.85 on Thursday. The business has a 50 day moving average of $6.24 and a 200 day moving average of $14.49. Jumia Technologies has a 52 week low of $4.94 and a 52 week high of $49.77. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.13 and a current ratio of 3.23.
Jumia Technologies Company Profile
Jumia Technologies AG operates an e-commerce platform in Africa. The company's platform consists of marketplace, which connects sellers with consumers; logistics service that 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.
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