JPMorgan European Discovery (LON:JEDT) Trading Up 0.5% – Here’s What Happened

JPMorgan European Discovery (LON:JEDT) shares shot up 0.5% on Tuesday . The company traded as high as GBX 470 ($5.79) and last traded at GBX 468.76 ($5.78). Approximately 142,095 shares traded hands during trading, a decline of 43% from the average daily volume of 248,217 shares. The stock had previously closed at GBX 466.50 ($5.75).

JPMorgan European Discovery Price Performance

The firm has a market capitalization of £561.91 million, a price-to-earnings ratio of 1,802.93 and a beta of 1.24. The company has a quick ratio of 1.00, a current ratio of 6.01 and a debt-to-equity ratio of 9.50. The company’s fifty day moving average is GBX 445.58 and its two-hundred day moving average is GBX 455.05.

JPMorgan European Discovery (LON:JEDT) last posted its quarterly earnings results on Monday, December 9th. The company reported GBX 10.72 ($0.13) earnings per share for the quarter. JPMorgan European Discovery had a return on equity of 5.09% and a net margin of 79.57%.

JPMorgan European Discovery Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Thursday, December 19th will be given a dividend of GBX 3 ($0.04) per share. The ex-dividend date of this dividend is Thursday, December 19th. This represents a dividend yield of 0.68%. JPMorgan European Discovery’s payout ratio is currently 4,230.77%.

JPMorgan European Discovery Company Profile

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.