JPMorgan Emerging Markets (LON:JMG) Hits New 1-Year High - Here's What Happened

Key Points

• JPMorgan Emerging Markets' stock reached a new 52-week high of GBX 122.20 ($1.66) during trading, closing slightly lower at GBX 122.06 ($1.65).
• The company has a market capitalization of £1.22 billion and a significantly high price-to-earnings ratio of 1,743.22, indicating strong growth expectations.
• JPMorgan Emerging Markets focuses on sustainable growth across a diversified portfolio of high-quality emerging market companies, targeting both large and small caps.

JPMorgan Emerging Markets (LON:JMG - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 122.20 ($1.66) and last traded at GBX 122.06 ($1.66), with a volume of 7217560 shares. The stock had previously closed at GBX 120.60 ($1.64).

JPMorgan Emerging Markets Trading Up 0.3%

The business has a fifty day simple moving average of GBX 120.05 and a 200 day simple moving average of GBX 111.90. The stock has a market capitalization of £1.24 billion, a P/E ratio of 1,783.17 and a beta of 0.62.

About JPMorgan Emerging Markets

Gain access to the attractive long-term growth potential of emerging markets - Focus on quality, sustainable growth across the market cap spectrum We aim to maximise total returns by building a diversified portfolio of high quality emerging market companies, both large and small caps, with the potential to deliver sustainable long term growth.