JPMorgan Global Growth & Income (LON:JGGI) Reaches New 12-Month High - Here's Why

Key Points

• New 52-week high: JPMorgan Global Growth & Income (LON:JGGI) hit a new 52-week high of GBX 591 with ~1,858,579 shares traded, up from a prior close of GBX 586.
• Key fundamentals: the trust has a market cap of £3.22 billion, a price-to-earnings ratio of 14.07 and a beta of 0.47, and it reported quarterly EPS of GBX 3.63 with a net margin of 91.4% and ROE of 7.63%.
• Investment strategy: the manager leverages JPMorgan's global research to run a "best ideas" worldwide portfolio that aims to deliver predictable quarterly income alongside long-term capital growth.

JPMorgan Global Growth & Income (LON:JGGI - Get Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as GBX 591 and last traded at GBX 591, with a volume of 1858579 shares traded. The stock had previously closed at GBX 586.

JPMorgan Global Growth & Income Stock Performance

The company has a current ratio of 1.10, a quick ratio of 5.88 and a debt-to-equity ratio of 4.83. The firm's 50-day moving average is GBX 567.03 and its two-hundred day moving average is GBX 572.02. The stock has a market cap of £3.22 billion, a price-to-earnings ratio of 14.07 and a beta of 0.47.

JPMorgan Global Growth & Income (LON:JGGI - Get Free Report) last released its quarterly earnings results on Thursday, March 19th. The company reported GBX 3.63 earnings per share for the quarter. JPMorgan Global Growth & Income had a net margin of 91.40% and a return on equity of 7.63%.

About JPMorgan Global Growth & Income

A distinctive strategy for today's markets JPMorgan Global Growth & Income plc provides the best of both worlds. The manager focuses on investing in the best ideas from across the world's stock market, whilst the Company delivers a predictable quarterly income distribution – set at the beginning of its financial year. Key points: Expertise - Tapping into the local proprietary analysis of JPMorgan's award winning and experienced global research team. Portfolio - A global best ideas – go anywhere – portfolio, with the manager focused on identifying companies that will provide the best total returns. Results - Provides the best of both worlds - predictable quarterly income and long-term growth from the best global ideas.

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