JPMorgan American (LON:JAM) Sets New 52-Week High – Still a Buy?

Shares of JPMorgan American (LON:JAM) hit a new 52-week high on Thursday . The company traded as high as GBX 1,032 ($13.48) and last traded at GBX 1,029.72 ($13.45), with a volume of 472465 shares changing hands. The stock had previously closed at GBX 1,018 ($13.29).

JPMorgan American Price Performance

The stock has a 50 day moving average of GBX 982.53 and a two-hundred day moving average of GBX 979.92. The company has a debt-to-equity ratio of 5.39, a quick ratio of 1.45 and a current ratio of 4.13. The firm has a market capitalization of £1.85 billion, a P/E ratio of 443.10 and a beta of 0.65.

JPMorgan American Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, October 7th. Investors of record on Thursday, August 29th were paid a GBX 2.75 ($0.04) dividend. This represents a dividend yield of 0.28%. The ex-dividend date was Thursday, August 29th. JPMorgan American’s payout ratio is 344.83%.

About JPMorgan American

JPMorgan American Investment Trust plc is a close-ended equity mutual fund launched and managed by JPMorgan Funds Limited. It is co-managed by JPMorgan Asset Management (UK) Limited. The fund invests in public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.