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JPMorgan Global Emerg Mkts (LON:JEMI) Hits New 12-Month High - Still a Buy?

JPMorgan Global Emerg Mkts logo with Financial Services background

JPMorgan Global Emerg Mkts Inc (LON:JEMI - Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as GBX 86.40 ($1.07) and last traded at GBX 134.50 ($1.66), with a volume of 289330 shares changing hands. The stock had previously closed at GBX 134 ($1.66).

JPMorgan Global Emerg Mkts Stock Performance

The stock has a market capitalization of £400.94 million and a price-to-earnings ratio of -3,387.50. The company has a fifty day simple moving average of GBX 133.81 and a two-hundred day simple moving average of GBX 133.55.

JPMorgan Global Emerg Mkts Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 24th. Shareholders of record on Thursday, December 12th were issued a GBX 1 ($0.01) dividend. The ex-dividend date was Thursday, December 12th. This represents a yield of 0.76%. JPMorgan Global Emerg Mkts's dividend payout ratio is presently -12,500.00%.

Insider Buying and Selling at JPMorgan Global Emerg Mkts

In other news, insider Mark Edwards bought 10,000 shares of the stock in a transaction on Friday, December 13th. The stock was acquired at an average price of GBX 133 ($1.64) per share, with a total value of £13,300 ($16,435.99). Insiders own 3.65% of the company's stock.

About JPMorgan Global Emerg Mkts

(Get Free Report)

JPMorgan Global Emerging Markets Income Investment Trust plc provides a diversified income-oriented way to tap into the growth potential of global emerging markets. Key points: Expertise - Extensive network of country and sector specialists from one of the longest established emerging market teams in the industry. Portfolio - Focused on finding sustainable businesses that have good dividend growth prospects. Results - Provides a lower risk way to access emerging markets, by investing in stable companies with regular income and good governance structures. Why invest in this trust The trust primarily seeks a dividend yield which is higher than the average emerging market company but also growth companies in this exciting equity sector.

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