JPMorgan Global Emerg Mkts (LON:JEMI) Hits New 1-Year High – Here’s Why

by · The Cerbat Gem

JPMorgan Global Emerg Mkts Inc (LON:JEMI – Get Free Report)’s stock price hit a new 52-week high on Monday . The stock traded as high as GBX 78.40 and last traded at GBX 165, with a volume of 251575 shares changing hands. The stock had previously closed at GBX 164.50.

JPMorgan Global Emerg Mkts Price Performance

The stock’s 50-day simple moving average is GBX 164.62 and its two-hundred day simple moving average is GBX 154.88. The firm has a market capitalization of £434.12 million and a P/E ratio of 8.63.

JPMorgan Global Emerg Mkts (LON:JEMI – Get Free Report) last released its earnings results on Friday, November 7th. The company reported GBX 5.69 earnings per share for the quarter. JPMorgan Global Emerg Mkts had a net margin of 72.95% and a return on equity of 5.95%.

About JPMorgan Global Emerg Mkts

(Get Free Report)

JPMorgan Global Emerging Markets Income Investment Trust plc provides a diversified income-oriented way to tap into the growth potential of global emerging markets.

Key points:

Expertise – Extensive network of country and sector specialists from one of the longest established emerging market teams in the industry.
Portfolio – Focused on finding sustainable businesses that have good dividend growth prospects.
Results – Provides a lower risk way to access emerging markets, by investing in stable companies with regular income and good governance structures.

Why invest in this trust

The trust primarily seeks a dividend yield which is higher than the average emerging market company but also growth companies in this exciting equity sector.

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