JPMorgan European Discovery (LON:JEDT) Sets New 52-Week High – Time to Buy?

JPMorgan European Discovery (LON:JEDT)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 630 and last traded at GBX 630, with a volume of 91000 shares changing hands. The stock had previously closed at GBX 620.

JPMorgan European Discovery Price Performance

The company has a 50-day moving average of GBX 592.98 and a 200-day moving average of GBX 582.79. The company has a debt-to-equity ratio of 9.53, a quick ratio of 1.00 and a current ratio of 56.35. The stock has a market cap of £586.26 million, a price-to-earnings ratio of 5.41 and a beta of 1.24.

JPMorgan European Discovery (LON:JEDT) last announced its quarterly earnings data on Monday, December 1st. The company reported GBX 15.60 EPS for the quarter. JPMorgan European Discovery had a net margin of 90.80% and a return on equity of 17.01%.

JPMorgan European Discovery Company Profile

JPMorgan European Smaller Companies Trust plc is a closed ended equity mutual fund launched and managed by JPMorgan Funds Limited. The fund is co-managed by JPMorgan Asset Management (UK) Limited. It invests in the public equity markets of Europe, excluding the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in growth and value stocks of small cap companies. The fund benchmarks the performance of its portfolio against the Euromoney Smaller European Companies (ex UK) Total Return Index.