JPMorgan European Discovery (LON:JEDT) Trading 0.5% Higher – Time to Buy?

JPMorgan European Discovery (LON:JEDT) shares shot up 0.5% during trading on Tuesday . The stock traded as high as GBX 593 and last traded at GBX 591. 49,395 shares traded hands during trading, a decline of 74% from the average session volume of 193,538 shares. The stock had previously closed at GBX 588.

JPMorgan European Discovery Price Performance

The company has a debt-to-equity ratio of 9.53, a current ratio of 56.35 and a quick ratio of 1.00. The stock has a market capitalization of £552.02 million, a P/E ratio of 5.09 and a beta of 1.24. The stock’s fifty day moving average is GBX 579.34 and its 200-day moving average is GBX 574.96.

JPMorgan European Discovery (LON:JEDT) last posted its earnings results on Monday, December 1st. The company reported GBX 15.60 earnings per share for the quarter. JPMorgan European Discovery had a return on equity of 17.01% and a net margin of 90.80%.

About JPMorgan European Discovery

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. It primarily invests in growth and value stocks of small cap companies. The fund benchmarks the performance of its portfolio against the Euromoney Smaller European Companies (ex UK) Total Return Index.