JPMorgan Global Emerg Mkts (LON:JEMI) Reaches New 1-Year High – Still a Buy?

JPMorgan Global Emerg Mkts Inc (LON:JEMI)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 84 and last traded at GBX 197, with a volume of 473386 shares changing hands. The stock had previously closed at GBX 202.

JPMorgan Global Emerg Mkts Stock Performance

The stock’s 50-day simple moving average is GBX 187.28 and its 200-day simple moving average is GBX 179.08. The firm has a market capitalization of £512.74 million, a PE ratio of 4.51 and a beta of 1.04.

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

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.