JPMorgan Global Emerg Mkts (LON:JEMI) Sets New 52-Week High – Still a Buy?

JPMorgan Global Emerg Mkts Inc (LON:JEMI)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 85 and last traded at GBX 204, with a volume of 271408 shares. The stock had previously closed at GBX 204.

JPMorgan Global Emerg Mkts Price Performance

The stock has a market capitalization of £527.87 million, a price-to-earnings ratio of 4.67 and a beta of 1.09. The business has a 50-day simple moving average of GBX 204.92 and a two-hundred day simple moving average of GBX 194.73.

JPMorgan Global Emerg Mkts (LON:JEMI) last issued its quarterly earnings results on Friday, June 26th. The company reported GBX 0.37 earnings per share (EPS) for the quarter. JPMorgan Global Emerg Mkts had a return on equity of 24.31% and a net margin of 94.77%.

About JPMorgan Global Emerg Mkts

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.