JPMorgan European Discovery (LON:JEDT) Trading 0.3% Higher - Still a Buy?

Key Points

• Shares of JPMorgan European Discovery (LON:JEDT) increased by 0.3% during a trading session, reflecting a modest rise despite a significant drop in trading volume.
• The company's stock has a market cap of £547.08 million, a high P/E ratio of 11,335.05, and significant insider ownership of 0.40%.
• Insider Arun Kumar Sarwal purchased 12,000 shares at an average cost of GBX 579 per share, indicating confidence in the company's prospects.

Shares of JPMorgan European Discovery (LON:JEDT - ) traded up 0.3% during trading on Friday . The stock traded as high as GBX 583 ($7.86) and last traded at GBX 576.95 ($7.78). 62,419 shares changed hands during trading, a decline of 71% from the average session volume of 218,616 shares. The stock had previously closed at GBX 575 ($7.75).

JPMorgan European Discovery Stock Performance

The company's fifty day moving average is GBX 575.31 and its 200 day moving average is GBX 545.31. The company has a market cap of £547.08 million, a P/E ratio of 11,335.05 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.

Insider Transactions at JPMorgan European Discovery

In related news, insider Arun Kumar Sarwal purchased 12,000 shares of JPMorgan European Discovery stock in a transaction that occurred on Thursday, July 17th. The shares were acquired at an average cost of GBX 579 per share, for a total transaction of £69,480. 0.40% of the stock is currently owned by insiders.

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.

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