JPMorgan European Discovery (LON:JEDT) Trading 0.9% Higher - Here's What Happened

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)'s share price traded up 0.9% on Thursday . The stock traded as high as GBX 567 ($7.73) and last traded at GBX 565 ($7.70). 204,359 shares traded hands during mid-day trading, a decline of 9% from the average session volume of 224,948 shares. The stock had previously closed at GBX 560 ($7.63).

JPMorgan European Discovery Stock Up 0.0%

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 firm's 50 day simple moving average is GBX 576.93 and its two-hundred day simple moving average is GBX 538.53. The firm has a market cap of £542.61 million, a price-to-earnings ratio of 11,242.40 and a beta of 1.24.

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

Insiders Place Their Bets

In other JPMorgan European Discovery news, insider Arun Kumar Sarwal acquired 12,000 shares of the company's stock in a transaction on Thursday, July 17th. The stock was acquired at an average price of GBX 579 per share, for a total transaction of £69,480. 0.40% of the stock is owned by company 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.