JPMorgan European Discovery (LON:JEDT) Trading Up 0.8% - Here's Why

JPMorgan European Discovery (LON:JEDT - Get Free Report)'s share price traded up 0.8% during mid-day trading on Tuesday . The stock traded as high as GBX 500 ($6.63) and last traded at GBX 498.50 ($6.61). 44,383 shares changed hands during trading, a decline of 81% from the average session volume of 232,316 shares. The stock had previously closed at GBX 494.50 ($6.56).

JPMorgan European Discovery Stock Performance

The company has a quick ratio of 1.00, a current ratio of 56.35 and a debt-to-equity ratio of 9.53. The stock has a fifty day simple moving average of GBX 485.66 and a 200-day simple moving average of GBX 466.35. The company has a market capitalization of £593.17 million, a P/E ratio of 6.12 and a beta of 1.24.

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.