JPMorgan Global Growth & Income (LON:JGGI) Stock Price Down 0.7% - Here's What Happened

Key Points

• JPMorgan Global Growth & Income shares fell by 0.7% on Tuesday, trading down to GBX 573 ($7.70) with a notable decrease in trading volume by 27% compared to the average.
• The company's market capitalization stands at £3.32 billion with a high price-to-earnings ratio of 582.73, indicating a potential overvaluation.
• JPMorgan Global Growth & Income aims to provide both predictable quarterly income and long-term growth through a diversified global investment strategy.

Shares of JPMorgan Global Growth & Income (LON:JGGI - ) traded down 0.7% on Tuesday . The stock traded as low as GBX 571.42 ($7.68) and last traded at GBX 573 ($7.70). 965,665 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 1,329,549 shares. The stock had previously closed at GBX 577 ($7.76).

JPMorgan Global Growth & Income Stock Performance

The firm has a 50-day simple moving average of GBX 569.33 and a two-hundred day simple moving average of GBX 545.09. The company has a current ratio of 6.67, a quick ratio of 5.88 and a debt-to-equity ratio of 5.06. The company has a market capitalization of £3.32 billion, a price-to-earnings ratio of 582.73 and a beta of 0.61.

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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