JPMorgan Global Growth & Income (LON:JGGI) Sets New 52-Week Low – Here’s Why

JPMorgan Global Growth & Income (LON:JGGI) shares reached a new 52-week low during trading on Thursday . The company traded as low as GBX 509.57 ($6.57) and last traded at GBX 514.55 ($6.64), with a volume of 637518 shares trading hands. The stock had previously closed at GBX 532 ($6.86).

JPMorgan Global Growth & Income Stock Performance

The company has a debt-to-equity ratio of 5.06, a current ratio of 6.67 and a quick ratio of 5.88. The stock has a market capitalization of £2.54 billion, a PE ratio of 4.06 and a beta of 0.61. The firm has a fifty day moving average price of GBX 568.74 and a two-hundred day moving average price of GBX 575.69.

JPMorgan Global Growth & Income (LON:JGGI) last released its earnings results on Friday, February 28th. The company reported GBX 3.36 ($0.04) earnings per share for the quarter. JPMorgan Global Growth & Income had a return on equity of 22.97% and a net margin of 94.75%.

Insider Activity at JPMorgan Global Growth & Income

In other news, insider Rakesh Thakrar bought 3,610 shares of the stock in a transaction on Tuesday, March 25th. The stock was acquired at an average cost of GBX 551 ($7.11) per share, for a total transaction of £19,891.10 ($25,659.31). 7.92% of the stock is currently owned by company insiders.

JPMorgan Global Growth & Income Company Profile

A distinctive strategy for today’s markets
JPMorgan Global Growth & Income plc provides the best of both worlds. The manager focuses on investing in the best ideas from across the world’s stock market, whilst the Company delivers a predictable quarterly income distribution – set at the beginning of its financial year.

Key points:
Expertise – Tapping into the local proprietary analysis of JPMorgan’s award winning and experienced global research team.
Portfolio – A global best ideas – go anywhere – portfolio, with the manager focused on identifying companies that will provide the best total returns.
Results – Provides the best of both worlds – predictable quarterly income and long-term growth from the best global ideas.