JPMorgan European Discovery (LON:JEDT) Hits New 12-Month High - What's Next?

JPMorgan European Discovery (LON:JEDT - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 488.56 ($6.32) and last traded at GBX 487 ($6.30), with a volume of 586045 shares. The stock had previously closed at GBX 475.50 ($6.15).

JPMorgan European Discovery Price Performance

The company has a current ratio of 56.35, a quick ratio of 1.00 and a debt-to-equity ratio of 9.53. The business has a fifty day simple moving average of GBX 468.30 and a 200 day simple moving average of GBX 458.38. The stock has a market capitalization of £575.49 million, a P/E ratio of 5.94 and a beta of 1.24.

JPMorgan European Discovery (LON:JEDT - Get Free Report) last released its earnings results on Monday, December 9th. The company reported GBX 10.72 ($0.14) earnings per share (EPS) for the quarter. JPMorgan European Discovery had a return on equity of 17.01% and a net margin of 90.80%.

JPMorgan European Discovery Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Thursday, December 19th were issued a GBX 3 ($0.04) dividend. This represents a dividend yield of 0.68%. The ex-dividend date of this dividend was Thursday, December 19th. JPMorgan European Discovery's dividend payout ratio is presently 13.17%.

JPMorgan European Discovery Company Profile

JPMorgan European Smaller Companies Trust plc is a closed ended equity mutual fund launched and managed by JPMorgan Funds Limited. The fund is co-managed by JPMorgan Asset Management (UK) Limited. It invests in the public equity markets of Europe, excluding the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors.