JPMorgan European Discovery (LON:JEDT) Stock Price Down 1% – Here’s What Happened

JPMorgan European Discovery (LON:JEDTGet Free Report) traded down 1% during mid-day trading on Thursday . The stock traded as low as GBX 451.50 ($5.86) and last traded at GBX 451.58 ($5.86). 118,292 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 978,313 shares. The stock had previously closed at GBX 456 ($5.91).

JPMorgan European Discovery Stock Down 1.0 %

The company has a current ratio of 6.01, a quick ratio of 1.00 and a debt-to-equity ratio of 9.50. The company has a market cap of £541.30 million, a P/E ratio of 1,736.83 and a beta of 1.24. The firm’s 50 day moving average price is GBX 459.18 and its 200-day moving average price is GBX 464.20.

Insiders Place Their Bets

In other JPMorgan European Discovery news, insider James Will bought 10,000 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was bought at an average price of GBX 447 ($5.80) per share, for a total transaction of £44,700 ($57,969.14). Company insiders own 3.56% of the company’s stock.

About JPMorgan European Discovery

(Get Free Report)

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.

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