JPMorgan Global Emerg Mkts (LON:JEMI) Hits New 52-Week High - Here's Why

JPMorgan Global Emerg Mkts Inc (LON:JEMI - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 147.50 ($2.01) and last traded at GBX 144.50 ($1.97), with a volume of 278818 shares traded. The stock had previously closed at GBX 145 ($1.98).

JPMorgan Global Emerg Mkts Price Performance

The company's 50 day simple moving average is GBX 141.10 and its 200 day simple moving average is GBX 135.59. The firm has a market cap of £409.03 million and a price-to-earnings ratio of 16.63.

JPMorgan Global Emerg Mkts (LON:JEMI - Get Free Report) last posted its quarterly earnings results on Friday, April 4th. The company reported GBX 1.48 ($0.02) EPS for the quarter. JPMorgan Global Emerg Mkts had a net margin of 72.95% and a return on equity of 5.95%.

About JPMorgan Global Emerg Mkts

JPMorgan Global Emerging Markets Income Investment Trust plc provides a diversified income-oriented way to tap into the growth potential of global emerging markets. Key points: Expertise - Extensive network of country and sector specialists from one of the longest established emerging market teams in the industry. Portfolio - Focused on finding sustainable businesses that have good dividend growth prospects. Results - Provides a lower risk way to access emerging markets, by investing in stable companies with regular income and good governance structures. Why invest in this trust The trust primarily seeks a dividend yield which is higher than the average emerging market company but also growth companies in this exciting equity sector.