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

JPMorgan Global Emerg Mkts Inc (LON:JEMI - Get Free Report)'s stock price reached a new 52-week high on Monday . The stock traded as high as GBX 87 ($1.10) and last traded at GBX 138 ($1.75), with a volume of 335475 shares. The stock had previously closed at GBX 135.50 ($1.72).

JPMorgan Global Emerg Mkts Price Performance

The company has a fifty day moving average of GBX 134.57 and a 200 day moving average of GBX 133.72. The firm has a market capitalization of £385.38 million and a P/E ratio of 15.67.

JPMorgan Global Emerg Mkts Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 24th. Investors of record on Thursday, December 12th were issued a GBX 1 ($0.01) dividend. This represents a yield of 0.76%. The ex-dividend date was Thursday, December 12th. JPMorgan Global Emerg Mkts's payout ratio is presently 56.58%.

Insider Activity at JPMorgan Global Emerg Mkts

In other JPMorgan Global Emerg Mkts news, insider Mark Edwards purchased 10,000 shares of the company's stock in a transaction on Friday, December 13th. The shares were purchased at an average cost of GBX 133 ($1.69) per share, with a total value of £13,300 ($16,852.51). 3.65% of the stock is currently owned by company insiders.

About JPMorgan Global Emerg Mkts

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.