JPMorgan Global Growth & Income (LON:JGGI) Shares Down 0.5% - Here's Why

Key Points

• Shares fell 0.5% to GBX 564.31 on Thursday, trading as low as GBX 561.50 on volume of ~1.19 million shares, about 39% below the average daily volume.
• The trust has a market cap of £3.08 billion and a P/E of 13.5, with a high quick ratio (5.88) but a notable debt-to-equity of 4.83; the stock sits slightly below both its 50-day (GBX 565.78) and 200-day (GBX 571.14) moving averages.
• JPMorgan Global Growth & Income combines JPMorgan’s global stock-picking with a focus on long-term growth while delivering a set, predictable quarterly income distribution.

JPMorgan Global Growth & Income (LON:JGGI - Get Free Report)'s share price dropped 0.5% on Thursday . The stock traded as low as GBX 561.50 and last traded at GBX 564.31. Approximately 1,194,178 shares changed hands during trading, a decline of 39% from the average daily volume of 1,965,630 shares. The stock had previously closed at GBX 567.

JPMorgan Global Growth & Income Price Performance

The company has a quick ratio of 5.88, a current ratio of 1.10 and a debt-to-equity ratio of 4.83. The stock has a market cap of £3.08 billion, a price-to-earnings ratio of 13.50 and a beta of 0.45. The company's 50-day moving average is GBX 565.78 and its 200-day moving average is GBX 571.14.

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

JPMorgan Global Growth & Income Company Profile

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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