JPMorgan European Growth & Income (LON:JEGI) Trading Down 1% – Time to Sell?

JPMorgan European Growth & Income (LON:JEGI)’s share price fell 1% during mid-day trading on Friday . The company traded as low as GBX 98.20 ($1.22) and last traded at GBX 98.20 ($1.22). 194,974 shares were traded during mid-day trading, a decline of 32% from the average session volume of 288,184 shares. The stock had previously closed at GBX 99.20 ($1.23).

JPMorgan European Growth & Income Stock Performance

The stock’s 50-day moving average price is GBX 98.69 and its 200-day moving average price is GBX 101.55. The company has a market capitalization of £420.22 million, a price-to-earnings ratio of 577.65 and a beta of 0.85. The company has a debt-to-equity ratio of 8.34, a quick ratio of 20.49 and a current ratio of 17.01.

JPMorgan European Growth & Income Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, January 3rd. Shareholders of record on Thursday, November 28th were issued a dividend of GBX 1.20 ($0.01) per share. The ex-dividend date was Thursday, November 28th. This represents a yield of 1.22%. JPMorgan European Growth & Income’s dividend payout ratio (DPR) is currently 2,941.18%.

About JPMorgan European Growth & Income

JPMorgan European Growth & Income plc – Ordinary Shares is an open-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 in Europe. The fund primarily invests its portfolio in the financial sector.