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

JPMorgan Global Emerg Mkts Inc (LON:JEMI)’s stock price hit a new 52-week high on Monday . The stock traded as high as GBX 77.80 and last traded at GBX 164.50, with a volume of 905451 shares trading hands. The stock had previously closed at GBX 163.50.

JPMorgan Global Emerg Mkts Trading Up 1.8%

The stock has a market capitalization of £441.73 million and a PE ratio of 8.17. The stock’s fifty day simple moving average is GBX 162.48 and its 200-day simple moving average is GBX 152.63.

JPMorgan Global Emerg Mkts (LON:JEMI) last announced its earnings results on Friday, November 7th. The company reported GBX 5.69 EPS 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.