JPMorgan Global Emerg Mkts (LON:JEMI) Hits New 12-Month High – Time to Buy?

JPMorgan Global Emerg Mkts Inc (LON:JEMI)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 173.49 and last traded at GBX 173, with a volume of 336613 shares traded. The stock had previously closed at GBX 171.

JPMorgan Global Emerg Mkts Stock Performance

The stock’s 50 day moving average price is GBX 166.34 and its 200 day moving average price is GBX 157.02. The company has a market capitalization of £455.17 million and a P/E ratio of 9.05.

JPMorgan Global Emerg Mkts (LON:JEMI) last released its quarterly earnings data on Friday, November 7th. The company reported GBX 5.69 earnings per share for the quarter. JPMorgan Global Emerg Mkts had a net margin of 72.95% and a return on equity of 5.95%.

JPMorgan Global Emerg Mkts Company Profile

JPMorgan Global Emerging Markets Income Investment Trust 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.