JPMorgan American (LON:JAM) Sets New 52-Week High – Time to Buy?

JPMorgan American (LON:JAM)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 1,236 and last traded at GBX 1,234, with a volume of 246342 shares traded. The stock had previously closed at GBX 1,224.

JPMorgan American Stock Performance

The firm’s fifty day moving average is GBX 1,194.85 and its 200 day moving average is GBX 1,141.38. The firm has a market capitalization of £2.05 billion, a price-to-earnings ratio of 26.70 and a beta of 0.74. The company has a debt-to-equity ratio of 5.33, a current ratio of 0.53 and a quick ratio of 1.45.

JPMorgan American (LON:JAM) last posted its quarterly earnings results on Wednesday, April 1st. The company reported GBX 10.41 earnings per share for the quarter. JPMorgan American had a net margin of 89.80% and a return on equity of 4.28%. The business had revenue of GBX 2,395 million for the quarter.

JPMorgan American Company Profile

US equities, hand-picked by experts

Our flagship American trust offers a high conviction portfolio of both US value and growth stocks that represent the managers’ best ideas, designed to outperform across market cycles.

The managers’ decades of US stock-picking experience underpin a track record of consistent performance and dividends.

Key points:

Excellence – outperforming the benchmark, net of fees over 3, 5 and 10 years.
Expertise – deep in-house stock research
Experience – long-standing and proven investment team.