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

JPMorgan Global Emerg Mkts Inc (LON:JEMI) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 180 and last traded at GBX 180, with a volume of 764968 shares. The stock had previously closed at GBX 177.

JPMorgan Global Emerg Mkts Price Performance

The firm has a market capitalization of £473.16 million and a P/E ratio of 9.41. The company has a fifty day moving average of GBX 168.04 and a 200 day moving average of GBX 159.09.

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

About JPMorgan Global Emerg Mkts

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.