JPMorgan Global Emerg Mkts (LON:JEMI) Hits New 1-Year High – Still a Buy?

JPMorgan Global Emerg Mkts Inc (LON:JEMI) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 217 and last traded at GBX 216, with a volume of 400106 shares changing hands. The stock had previously closed at GBX 211.

JPMorgan Global Emerg Mkts Stock Up 2.8%

The firm has a 50-day moving average price of GBX 197.76 and a 200 day moving average price of GBX 186.18. The firm has a market capitalization of £563.81 million, a PE ratio of 4.97 and a beta of 1.08.

JPMorgan Global Emerg Mkts (LON:JEMI) last posted its quarterly earnings data on Thursday, April 2nd. The company reported GBX 2.20 earnings per share (EPS) for the quarter. JPMorgan Global Emerg Mkts had a return on equity of 24.31% and a net margin of 94.77%.The firm had revenue of GBX 745 million for the quarter.

About JPMorgan Global Emerg Mkts

Take a closer look at emerging markets

JPMorgan Emerging Markets Dividend Income 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.