JPMorgan European Discovery (LON:JEDT) Hits New 1-Year High - Here's What Happened

Shares of JPMorgan European Discovery (LON:JEDT - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as GBX 582 ($7.79) and last traded at GBX 581.63 ($7.79), with a volume of 617 shares traded. The stock had previously closed at GBX 580 ($7.77).

JPMorgan European Discovery Stock Performance

The company has a 50-day moving average price of GBX 551.25 and a two-hundred day moving average price of GBX 502.25. 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 market capitalization of £672.10 million, a P/E ratio of 6.93 and a beta of 1.24.

JPMorgan European Discovery (LON:JEDT - Get Free Report) last posted 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.