JPMorgan China Growth & Income (LON:JCGI) Trading Up 0.6% - Here's What Happened

Key Points

• JPMorgan China Growth & Income plc stock rose 0.6%, closing at GBX 264.50 ($3.57) with a trading volume increase of 39% from the average.
• The company reported GBX 0.14 earnings per share and has a high net margin of 72.25%, indicating strong profitability.
• Insider transactions included notable purchases by executives, suggesting confidence in the company's performance and future prospects.

JPMorgan China Growth & Income plc (LON:JCGI - Get Free Report) shares rose 0.6% during mid-day trading on Thursday . The company traded as high as GBX 266 ($3.59) and last traded at GBX 264.50 ($3.57). Approximately 294,904 shares changed hands during mid-day trading, an increase of 39% from the average daily volume of 212,115 shares. The stock had previously closed at GBX 263 ($3.55).

JPMorgan China Growth & Income Price Performance

The stock has a market cap of £217.64 million, a PE ratio of 473.69 and a beta of 0.47. The company has a 50-day simple moving average of GBX 248.64 and a 200-day simple moving average of GBX 243.81.

JPMorgan China Growth & Income (LON:JCGI - Get Free Report) last released its quarterly earnings data on Monday, June 2nd. The company reported GBX 0.14 earnings per share (EPS) for the quarter. JPMorgan China Growth & Income had a return on equity of 2.99% and a net margin of 72.25%.

Insider Buying and Selling

In other JPMorgan China Growth & Income news, insider Alexandra Mackesy bought 59,675 shares of the stock in a transaction on Tuesday, July 29th. The shares were acquired at an average price of GBX 258 per share, with a total value of £153,961.50. Also, insider Nicholas Bannerman acquired 12,000 shares of the stock in a transaction dated Wednesday, August 6th. The shares were purchased at an average cost of GBX 256 per share, with a total value of £30,720. Insiders own 0.23% of the company's stock.

JPMorgan China Growth & Income Company Profile

Strategic thinking for Chinese markets JPMorgan China Growth & Income plc aims to provide the best of both worlds. The Manager focuses on investing in Chinese companies listed on domestic exchanges and companies in Greater China by focusing on the growth of “New China” – companies and sectors that are capitalising on the transition of the country to a more consumer-driven economy – whilst the Company aims to deliver a predictable quarterly income distribution – announced at the start of each financial year. Key points Expertise - Strong focus on research capabilities, with investment teams based in Hong Kong, Taiwan and mainland China. Portfolio - Focuses on companies benefiting from the transition of China to a consumer-driven economy. Results - Benefits from the economic transformation and evolving role of China as a global economic superpower while aiming to deliver a predictable quarterly income. Why invest in this trust The first investment trust to focus purely on the greater China region, the JPMorgan China Growth & Income plc capitalises on our extensive local knowledge and experience to find attractive opportunities in China, Taiwan and Hong Kong.