JPMorgan European Discovery (LON:JEDT) Reaches New 52-Week High – What’s Next?

JPMorgan European Discovery (LON:JEDT) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 640 and last traded at GBX 640, with a volume of 18769 shares changing hands. The stock had previously closed at GBX 635.

JPMorgan European Discovery Price Performance

The company has a fifty day simple moving average of GBX 608.42 and a two-hundred day simple moving average of GBX 587.33. 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 company has a market capitalization of £599.37 million, a price-to-earnings ratio of 5.53 and a beta of 1.24.

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

About JPMorgan European Discovery

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.