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JPMorgan European Discovery (LON:JEDT) Reaches New 52-Week High - Time to Buy?

JPMorgan European Discovery logo with Financial Services background

JPMorgan European Discovery (LON:JEDT - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 588 ($7.90) and last traded at GBX 585.60 ($7.87), with a volume of 57476 shares traded. The stock had previously closed at GBX 579 ($7.78).

JPMorgan European Discovery Trading Down 0.3%

The firm has a 50-day moving average price of GBX 562.50 and a 200-day moving average price of GBX 510.81. The company has a debt-to-equity ratio of 9.53, a quick ratio of 1.00 and a current ratio of 56.35. The stock has a market cap of £684.87 million, a PE ratio of 7.06 and a beta of 1.24.

JPMorgan European Discovery (LON:JEDT - Get Free Report) last posted its quarterly earnings results on Thursday, June 19th. The company reported GBX 12.36 ($0.17) earnings per share (EPS) for the quarter. JPMorgan European Discovery had a return on equity of 17.01% and a net margin of 90.80%.

Insiders Place Their Bets

In other JPMorgan European Discovery news, insider Arun Kumar Sarwal bought 12,000 shares of the firm's stock in a transaction on Thursday, July 17th. The stock was acquired at an average price of GBX 579 ($7.78) per share, with a total value of £69,480 ($93,374.55). Company insiders own 3.56% of the company's stock.

About JPMorgan European Discovery

(Get Free Report)

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.

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