JPMorgan American (LON:JAM) Stock Passes Above Fifty Day Moving Average - Here's What Happened

Key Points

• JPMorgan American shares have surpassed their 50-day moving average, reaching a trading high of GBX 1,118 ($14.90), suggesting positive market momentum.
• The company reported a robust net margin of 97.58% and earnings per share of GBX 5.50 during its last earnings release.
• JPMorgan American focuses on investing in high-quality, reasonably priced companies within the US stock market, emphasizing long-term growth and diversification.

JPMorgan American (LON:JAM - Get Free Report) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 1,085.52 ($14.47) and traded as high as GBX 1,118 ($14.90). JPMorgan American shares last traded at GBX 1,116 ($14.88), with a volume of 362,151 shares changing hands.

JPMorgan American Price Performance

The firm has a 50 day moving average of GBX 1,085.52 and a two-hundred day moving average of GBX 1,028.02. The stock has a market cap of £1.95 billion, a PE ratio of 25.39 and a beta of 0.65.

JPMorgan American (LON:JAM - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The company reported GBX 5.50 EPS for the quarter. JPMorgan American had a net margin of 97.58% and a return on equity of 24.87%.

About JPMorgan American

A local knows the best route JPMorgan American Investment Trust plc aims to generate attractive long-term returns from the world's largest stock market by focusing on high quality companies that are also reasonably priced. Key points: Expertise - Our flagship US investment trust, managed by locally based specialist investors to provide core portfolio exposure to North American equities. Portfolio - Managed for growth by focusing on quality companies that are reasonably priced. Results - Broadly diversified across the S&P 500 index, with a focus on large cap stocks. Why invest in this trust The JPMorgan American Investment Trust plc is a large, actively managed investment trust investing in the core US stock market.

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