JPMorgan Global Emerg Mkts (LON:JEMI) Hits New 52-Week High – Here’s Why

Shares of JPMorgan Global Emerg Mkts Inc (LON:JEMI) hit a new 52-week high on Wednesday . The stock traded as high as GBX 84.66 and last traded at GBX 207, with a volume of 185560 shares trading hands. The stock had previously closed at GBX 207.

JPMorgan Global Emerg Mkts Price Performance

The business’s 50 day moving average price is GBX 201.98 and its 200-day moving average price is GBX 188.93. The firm has a market capitalization of £537.83 million, a price-to-earnings ratio of 4.74 and a beta of 1.08.

JPMorgan Global Emerg Mkts (LON:JEMI) last issued its earnings results on Friday, June 26th. The company reported GBX 0.37 earnings per share (EPS) for the quarter. JPMorgan Global Emerg Mkts had a return on equity of 24.31% and a net margin of 94.77%.

JPMorgan Global Emerg Mkts Company Profile

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.