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

Key Points

• JPMorgan European Discovery shares reached a new 52-week high of GBX 595 ($7.95) and currently trade at GBX 582 ($7.78), showing a 0.6% increase.
• The company reported a quarterly earnings per share of GBX 12.36 ($0.17) with a net margin of 90.80% and a return on equity of 17.01%.
• Insider activity includes the acquisition of 12,000 shares by Arun Kumar Sarwal at an average cost of GBX 579 ($7.74) per share, indicating confidence in the firm's performance.

JPMorgan European Discovery (LON:JEDT - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 595 ($7.86) and last traded at GBX 582 ($7.69), with a volume of 90702 shares. The stock had previously closed at GBX 590 ($7.79).

JPMorgan European Discovery Price Performance

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 company has a 50 day moving average price of GBX 565.54 and a 200 day moving average price of GBX 514.57. The company has a market capitalization of £669.78 million, a P/E ratio of 6.91 and a beta of 1.24.

JPMorgan European Discovery (LON:JEDT - Get Free Report) last issued its earnings results on Thursday, June 19th. The company reported GBX 12.36 ($0.16) EPS for the quarter. JPMorgan European Discovery had a return on equity of 17.01% and a net margin of 90.80%.

Insider Activity at JPMorgan European Discovery

In other news, insider Arun Kumar Sarwal purchased 12,000 shares of JPMorgan European Discovery stock in a transaction that occurred on Thursday, July 17th. The stock was acquired at an average cost of GBX 579 ($7.65) per share, for a total transaction of £69,480 ($91,783.36). Corporate insiders own 3.56% of the company's stock.

JPMorgan European Discovery Company Profile

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.