JP Morgan Chinese Investment Trust (LON:JMC) Stock Price Up 5.2% – Should You Buy?

JP Morgan Chinese Investment Trust plc (LON:JMC) shot up 5.2% during mid-day trading on Friday . The stock traded as high as GBX 357 ($4.48) and last traded at GBX 351.50 ($4.41). 249,733 shares changed hands during trading, an increase of 18% from the average session volume of 211,678 shares. The stock had previously closed at GBX 334 ($4.19).

JP Morgan Chinese Investment Trust Stock Performance

The stock’s 50-day moving average is GBX 351.50 and its 200 day moving average is GBX 351.50. The stock has a market cap of £255.55 million and a price-to-earnings ratio of -30.30. The company has a debt-to-equity ratio of 15.24, a current ratio of 0.37 and a quick ratio of 0.37.

JP Morgan Chinese Investment Trust Company Profile

JPMorgan Chinese Investment Trust plc is a close-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 the Greater China region. The fund seeks to invest in stocks of companies operating across diversified sectors.