JPMorgan European Discovery (LON:JEDT) Hits New 12-Month High – Here’s Why
by Scott Moore · The Cerbat GemJPMorgan European Discovery (LON:JEDT – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 596 and last traded at GBX 595.16, with a volume of 37651 shares. The stock had previously closed at GBX 593.
JPMorgan European Discovery Stock Up 0.4%
The firm has a 50 day simple moving average of GBX 580.37 and a two-hundred day simple moving average of GBX 575.63. The company has a debt-to-equity ratio of 9.53, a current ratio of 56.35 and a quick ratio of 1.00. The stock has a market cap of £557.79 million, a price-to-earnings ratio of 5.15 and a beta of 1.24.
JPMorgan European Discovery (LON:JEDT – Get Free Report) last announced its quarterly earnings results on Monday, December 1st. The company reported GBX 15.60 earnings per share for the quarter. JPMorgan European Discovery had a net margin of 90.80% and a return on equity of 17.01%.
JPMorgan European Discovery Company Profile
JPMorgan European Smaller Companies Trust plc is a closed ended equity mutual fund launched and managed by JPMorgan Funds Limited. The fund is co-managed by JPMorgan Asset Management (UK) Limited. It invests in the public equity markets of Europe, excluding the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in growth and value stocks of small cap companies. The fund benchmarks the performance of its portfolio against the Euromoney Smaller European Companies (ex UK) Total Return Index.