JPMorgan European Discovery (LON:JEDT) Trading Up 0.9% - Time to Buy?

Key Points

• JPMorgan European Discovery shares rose by 0.9% during Thursday's trading, closing at GBX 565 ($7.67).
• Insider Arun Kumar Sarwal purchased 12,000 shares at an average price of GBX 579 per share, indicating confidence in the stock.
• The company reported a strong net margin of 90.80% in its last earnings release, along with a return on equity of 17.01%.

JPMorgan European Discovery (LON:JEDT - Get Free Report) shares were up 0.9% during trading on Thursday . The stock traded as high as GBX 567 ($7.70) and last traded at GBX 565 ($7.67). Approximately 204,359 shares changed hands during trading, a decline of 9% from the average daily volume of 224,948 shares. The stock had previously closed at GBX 560 ($7.60).

JPMorgan European Discovery Trading Up 0.9%

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 business has a 50 day moving average price of GBX 576.57 and a 200-day moving average price of GBX 536.05. The firm has a market capitalization of £535.74 million, a PE ratio of 11,100.20 and a beta of 1.24.

JPMorgan European Discovery (LON:JEDT - Get Free Report) last released its earnings results on Thursday, June 19th. The company reported GBX 12.36 earnings per share 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 bought 12,000 shares of the stock in a transaction on Thursday, July 17th. The stock was purchased at an average price of GBX 579 per share, for a total transaction of £69,480. 0.40% of the stock is currently 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.

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