JPMorgan European Discovery (LON:JEDT) Trading Down 0.3% – Here’s What Happened

JPMorgan European Discovery (LON:JEDT) shares traded down 0.3% during mid-day trading on Wednesday . The stock traded as low as GBX 474.50 ($5.91) and last traded at GBX 474.50 ($5.91). 89,066 shares changed hands during trading, a decline of 51% from the average session volume of 182,333 shares. The stock had previously closed at GBX 476 ($5.92).

JPMorgan European Discovery Trading Down 0.3 %

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 firm’s 50 day simple moving average is GBX 454.89 and its 200-day simple moving average is GBX 455.50. The company has a market capitalization of £568.78 million, a PE ratio of 1,825.00 and a beta of 1.24.

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

JPMorgan European Discovery Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, February 5th. Investors of record on Thursday, December 19th were issued a dividend of GBX 3 ($0.04) per share. This represents a dividend yield of 0.68%. The ex-dividend date of this dividend was Thursday, December 19th. JPMorgan European Discovery’s dividend 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.