RTTNews | Jun 10, 2021 04:20PM EDT

16:20 Thursday, June 10, 2021 (RTTNews.com) - The Berlin-based e-commerce platform, Jumia Technologies AG (JMIA), shares are down 4% despite no company announcement to trigger the movement.

The shares are switching hands at $29.68, down 4.28% or $1.34 after closing at $31.05 on Thursday. The shares opened at $31.13. In the 52-week period, the shares have ranged from $5.10 to $69.89.

Founded in 2012, Jumia Technologies AG is a German brand that primarily Africa, Portugal, Germany, and the United Arab Emirates. It includes the regular e-commerce options of apparels, technology, fast-moving consumer goods and services like food delivery, ticket booking.

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