JPMorgan European Discovery (LON:JEDT) Reaches New 52-Week High – Still a Buy?

JPMorgan European Discovery (LON:JEDT)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 488.56 ($6.30) and last traded at GBX 487 ($6.28), with a volume of 586045 shares trading hands. The stock had previously closed at GBX 475.50 ($6.13).

JPMorgan European Discovery Trading Down 0.3 %

The firm has a 50-day moving average of GBX 466.22 and a 200 day moving average of GBX 457.86. The company has a market cap of £572.98 million, a P/E ratio of 5.91 and a beta of 1.24. The company has a current ratio of 56.35, a quick ratio of 1.00 and a debt-to-equity ratio of 9.53.

JPMorgan European Discovery (LON:JEDT) last announced its quarterly earnings data on Monday, December 9th. The company reported GBX 10.72 ($0.14) EPS for the quarter. JPMorgan European Discovery had a net margin of 90.80% and a return on equity of 17.01%.

JPMorgan European Discovery Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Thursday, December 19th were issued a dividend of GBX 3 ($0.04) per share. The ex-dividend date of this dividend was Thursday, December 19th. This represents a dividend yield of 0.68%. JPMorgan European Discovery’s dividend payout ratio is currently 13.17%.

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.