JPMorgan European Discovery (LON:JEDT) Trading 0.3% Higher – Time to Buy?

JPMorgan European Discovery (LON:JEDT) shares shot up 0.3% on Wednesday . The stock traded as high as GBX 665 and last traded at GBX 660. Approximately 187,773 shares were traded during mid-day trading, an increase of 24% from the average daily volume of 151,583 shares. The stock had previously closed at GBX 658.

JPMorgan European Discovery Trading Up 0.8%

The company’s 50 day moving average price is GBX 636.82 and its two-hundred day moving average price is GBX 615.79. The firm has a market cap of £605.24 million, a PE ratio of 5.74 and a beta of 0.99.

JPMorgan European Discovery (LON:JEDT) last issued its quarterly earnings data on Friday, June 19th. The company reported GBX 18.18 earnings per share (EPS) for the quarter. JPMorgan European Discovery had a net margin of 91.11% and a return on equity of 20.17%. The firm had revenue of GBX 2,094 million during the quarter.

JPMorgan European Discovery Company Profile

Uncovering Europe’s hidden gems

Unearth the European companies set to redefine the world: Investing in Europe’s smaller companies provides an opportunity to invest in young, dynamic businesses at the heart of global innovation – including companies with great ideas in established sectors, like retail, finance, consumer durables and engineering. Whilst past performance doesn’t guarantee future results, Europe’s small and mid-cap companies have produced some of the best stock market returns of the past 25 years¹ .

The passion, people and resources to find opportunities first: JPMorgan European Discovery Trust looks to capture this potential by bringing together around 75 of the very best ideas we can find across Europe’s small and mid-cap universe.

Passionate about knowing companies in-depth, our small and mid-cap team conduct over 300 meetings and site visits a year.