Insider Buying: JPMorgan European Discovery (LON:JEDT) Insider Purchases 12,000 Shares of Stock

JPMorgan European Discovery (LON:JEDT - Get Free Report) insider Arun Kumar Sarwal purchased 12,000 shares of the company's stock in a transaction on Thursday, July 17th. The shares were purchased at an average price of GBX 579 ($7.77) per share, for a total transaction of £69,480 ($93,261.74).

JPMorgan European Discovery Stock Performance

Shares of JEDT traded up GBX 2 ($0.03) during mid-day trading on Friday, reaching GBX 580 ($7.79). The company had a trading volume of 306,026 shares, compared to its average volume of 247,141. JPMorgan European Discovery has a 52-week low of GBX 432.50 ($5.81) and a 52-week high of GBX 585 ($7.85). The company has a quick ratio of 1.00, a current ratio of 56.35 and a debt-to-equity ratio of 9.53. The stock has a market capitalization of £673.26 million, a P/E ratio of 6.94 and a beta of 1.24. The stock has a 50 day moving average of GBX 557.31 and a two-hundred day moving average of GBX 506.54.

JPMorgan European Discovery (LON:JEDT - Get Free Report) last released its quarterly earnings results on Thursday, June 19th. The company reported GBX 12.36 ($0.17) earnings per share 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.