JPMorgan European Discovery (LON:JEDT) Sets New 1-Year High - Should You Buy?

JPMorgan European Discovery (LON:JEDT - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 568 ($7.81) and last traded at GBX 565.97 ($7.78), with a volume of 9098 shares. The stock had previously closed at GBX 561 ($7.71).

JPMorgan European Discovery Price Performance

The company has a market capitalization of £660.50 million, a PE ratio of 6.81 and a beta of 1.24. The company has a current ratio of 56.35, a quick ratio of 1.00 and a debt-to-equity ratio of 9.53. The stock has a fifty day simple moving average of GBX 537.76 and a 200-day simple moving average of GBX 494.20.

JPMorgan European Discovery (LON:JEDT - Get Free Report) last issued its quarterly earnings data 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%.

About JPMorgan European Discovery

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.