JPMorgan European Discovery (LON:JEDT) Trading Up 0.9% - Still a Buy?

Key Points

• JPMorgan European Discovery (LON:JEDT) stock rose by 0.9% to GBX 588 ($7.93), although the trading volume decreased by 76% compared to its average session.
• The company reported a PE ratio of 7.04 and a return on equity of 17.01%, indicating robust financial performance in its latest earnings announcement.
• Insider Arun Kumar Sarwal recently purchased 12,000 shares at GBX 579 each, reflecting confidence from management in the company’s prospects.

JPMorgan European Discovery (LON:JEDT - Get Free Report)'s share price traded up 0.9% on Tuesday . The stock traded as high as GBX 590 ($7.98) and last traded at GBX 588 ($7.95). 56,602 shares were traded during mid-day trading, a decline of 76% from the average session volume of 235,085 shares. The stock had previously closed at GBX 583 ($7.88).

JPMorgan European Discovery Trading Up 0.5%

The stock has a market cap of £680.23 million, a price-to-earnings ratio of 7.02 and a beta of 1.24. 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 company's 50 day simple moving average is GBX 574.41 and its two-hundred day simple moving average is GBX 528.24.

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

Insider Buying and Selling

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 bought at an average cost of GBX 579 per share, with a total value of £69,480. 3.56% of the stock is owned by corporate 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.