JPMorgan Global Emerg Mkts (LON:JEMI) Reaches New 52-Week High – Here’s Why

JPMorgan Global Emerg Mkts Inc (LON:JEMI) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 86 and last traded at GBX 190, with a volume of 362125 shares trading hands. The stock had previously closed at GBX 190.50.

JPMorgan Global Emerg Mkts Trading Down 0.5%

The company has a market cap of £498.14 million, a price-to-earnings ratio of 4.34 and a beta of 1.04. The firm has a 50-day moving average price of GBX 187.57 and a 200 day moving average price of GBX 177.47.

JPMorgan Global Emerg Mkts (LON:JEMI) last released its earnings results on Thursday, April 2nd. The company reported GBX 2.20 earnings per share for the quarter. JPMorgan Global Emerg Mkts had a net margin of 94.77% and a return on equity of 24.31%. The firm had revenue of GBX 745 million during the quarter.

JPMorgan Global Emerg Mkts Company Profile

Take a closer look at emerging markets

JPMorgan Emerging Markets Dividend Income 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.