JPMorgan European Discovery (LON:JEDT) Sets New 52-Week High – Time to Buy?

JPMorgan European Discovery (LON:JEDT)’s share price hit a new 52-week high on Tuesday . The stock traded as high as GBX 637 and last traded at GBX 633.75, with a volume of 32233 shares changing hands. The stock had previously closed at GBX 631.

JPMorgan European Discovery Stock Performance

The company has a fifty day moving average price of GBX 603.21 and a two-hundred day moving average price of GBX 585.72. The firm has a market cap of £596.56 million, a price-to-earnings ratio of 5.51 and a beta of 1.24. The company has a debt-to-equity ratio of 9.53, a current ratio of 56.35 and a quick ratio of 1.00.

JPMorgan European Discovery (LON:JEDT) last announced its quarterly earnings results on Monday, December 1st. The company reported GBX 15.60 EPS for the quarter. JPMorgan European Discovery had a return on equity of 17.01% and a net margin of 90.80%.

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.