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

JPMorgan European Discovery (LON:JEDT) hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 498 ($6.41) and last traded at GBX 493 ($6.35), with a volume of 635457 shares. The stock had previously closed at GBX 495.77 ($6.38).

JPMorgan European Discovery Price Performance

The company has a current ratio of 56.35, a quick ratio of 1.00 and a debt-to-equity ratio of 9.53. The company has a 50 day moving average price of GBX 468.30 and a 200 day moving average price of GBX 458.37. The company has a market capitalization of £572.28 million, a P/E ratio of 5.90 and a beta of 1.24.

JPMorgan European Discovery (LON:JEDT) last issued its earnings results on Monday, December 9th. The company reported GBX 10.72 ($0.14) EPS for the quarter. JPMorgan European Discovery had a return on equity of 17.01% and a net margin of 90.80%.

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.