JPMorgan China Growth & Income (LON:JCGI) Stock Price Up 2.6% – Time to Buy?

JPMorgan China Growth & Income plc (LON:JCGI)’s stock price was up 2.6% during trading on Monday . The company traded as high as GBX 256 ($3.23) and last traded at GBX 255 ($3.22). Approximately 309,306 shares were traded during mid-day trading, an increase of 29% from the average daily volume of 240,501 shares. The stock had previously closed at GBX 248.50 ($3.14).

JPMorgan China Growth & Income Stock Up 2.6 %

The firm has a 50 day moving average of GBX 227.03 and a 200 day moving average of GBX 219.18. The firm has a market cap of £213.04 million, a PE ratio of 33.73 and a beta of 0.47.

JPMorgan China Growth & Income (LON:JCGI) last posted its quarterly earnings results on Monday, December 9th. The company reported GBX 3.39 ($0.04) earnings per share for the quarter. JPMorgan China Growth & Income had a return on equity of 2.99% and a net margin of 72.25%.

JPMorgan China Growth & Income Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, January 16th will be given a GBX 2.73 ($0.03) dividend. This represents a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, January 16th. JPMorgan China Growth & Income’s dividend payout ratio (DPR) is currently 145.51%.

Insider Buying and Selling

In other news, insider Nicholas Bannerman purchased 5,000 shares of the stock in a transaction dated Friday, January 24th. The shares were purchased at an average cost of GBX 223 ($2.81) per share, with a total value of £11,150 ($14,067.63). 1.23% of the stock is owned by insiders.

JPMorgan China Growth & Income Company Profile

Strategic thinking for Chinese markets
JPMorgan China Growth & Income plc aims to provide the best of both worlds. The Manager focuses on investing in Chinese companies listed on domestic exchanges and companies in Greater China by focusing on the growth of “New China” – companies and sectors that are capitalising on the transition of the country to a more consumer-driven economy – whilst the Company aims to deliver a predictable quarterly income distribution – announced at the start of each financial year.
Key points

Expertise – Strong focus on research capabilities, with investment teams based in Hong Kong, Taiwan and mainland China.
Portfolio – Focuses on companies benefiting from the transition of China to a consumer-driven economy.
Results – Benefits from the economic transformation and evolving role of China as a global economic superpower while aiming to deliver a predictable quarterly income.

Why invest in this trust
The first investment trust to focus purely on the greater China region, the JPMorgan China Growth & Income plc capitalises on our extensive local knowledge and experience to find attractive opportunities in China, Taiwan and Hong Kong.