JPMorgan Global Emerg Mkts (LON:JEMI) Reaches New 52-Week High – Here’s What Happened

JPMorgan Global Emerg Mkts Inc (LON:JEMI)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 81.38 and last traded at GBX 182, with a volume of 532666 shares changing hands. The stock had previously closed at GBX 179.50.

JPMorgan Global Emerg Mkts Stock Performance

The firm has a market cap of £478.42 million and a P/E ratio of 9.52. The company’s 50 day moving average is GBX 169.10 and its 200 day moving average is GBX 160.17.

JPMorgan Global Emerg Mkts (LON:JEMI) last posted its earnings results on Friday, November 7th. The company reported GBX 5.69 earnings per share for the quarter. JPMorgan Global Emerg Mkts had a net margin of 72.95% and a return on equity of 5.95%.

JPMorgan Global Emerg Mkts Company Profile

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.