JPMorgan China Growth & Income (LON:JCGI) Trading Up 2.6% - Still a Buy?

Shares of JPMorgan China Growth & Income plc (LON:JCGI - Get Free Report) shot up 2.6% during mid-day trading on Monday . The stock traded as high as GBX 256 ($3.24) and last traded at GBX 255 ($3.23). 309,306 shares changed hands during trading, an increase of 29% from the average session volume of 240,501 shares. The stock had previously closed at GBX 248.50 ($3.15).

JPMorgan China Growth & Income Stock Up 2.3 %

The company's 50 day moving average price is GBX 228.91 and its 200-day moving average price is GBX 220.36. The stock has a market cap of £224.32 million, a P/E ratio of 35.52 and a beta of 0.47.

JPMorgan China Growth & Income (LON:JCGI - Get Free Report) last announced its earnings results on Monday, December 9th. The company reported GBX 3.39 ($0.04) earnings per share for the quarter. JPMorgan China Growth & Income had a net margin of 72.25% and a return on equity of 2.99%.

JPMorgan China Growth & Income Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, January 16th will be paid a dividend of GBX 2.73 ($0.03) per share. This represents a yield of 1.27%. The ex-dividend date is Thursday, January 16th. JPMorgan China Growth & Income's dividend payout ratio is presently 145.51%.

Insider Buying and Selling

In related news, insider Nicholas Bannerman purchased 5,000 shares of JPMorgan China Growth & Income stock in a transaction on Friday, January 24th. The stock was acquired at an average cost of GBX 223 ($2.83) per share, for a total transaction of £11,150 ($14,128.23). 1.23% of the stock is owned by insiders.

JPMorgan China Growth & Income Company Profile

Strategic thinking for Chinese markets JPMorgan China Growth & Income plc aims to provide the best of both worlds. The Manager focuses on investing in Chinese companies listed on domestic exchanges and companies in Greater China by focusing on the growth of “New China” – companies and sectors that are capitalising on the transition of the country to a more consumer-driven economy – whilst the Company aims to deliver a predictable quarterly income distribution – announced at the start of each financial year. Key points Expertise - Strong focus on research capabilities, with investment teams based in Hong Kong, Taiwan and mainland China. Portfolio - Focuses on companies benefiting from the transition of China to a consumer-driven economy. Results - Benefits from the economic transformation and evolving role of China as a global economic superpower while aiming to deliver a predictable quarterly income. Why invest in this trust The first investment trust to focus purely on the greater China region, the JPMorgan China Growth & Income plc capitalises on our extensive local knowledge and experience to find attractive opportunities in China, Taiwan and Hong Kong.