JPMorgan European Growth & Income (LON:JEGI) Stock Price Down 1.9% – Should You Sell?

JPMorgan European Growth & Income (LON:JEGI) shares dropped 1.9% on Wednesday . The stock traded as low as GBX 98.60 ($1.28) and last traded at GBX 98.60 ($1.28). Approximately 183,910 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 549,700 shares. The stock had previously closed at GBX 100.50 ($1.30).

JPMorgan European Growth & Income Trading Up 0.5 %

The company has a debt-to-equity ratio of 8.34, a quick ratio of 20.49 and a current ratio of 17.01. The business’s 50 day moving average price is GBX 101.39 and its 200-day moving average price is GBX 103.92. The firm has a market cap of £427.45 million, a price-to-earnings ratio of 587.06 and a beta of 0.85.

JPMorgan European Growth & Income Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, September 26th will be issued a dividend of GBX 1.20 ($0.02) per share. This represents a yield of 1.17%. The ex-dividend date is Thursday, September 26th. JPMorgan European Growth & Income’s dividend payout ratio is presently 2,941.18%.

JPMorgan European Growth & Income Company Profile

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.