JPMorgan China Growth & Income (LON:JCGI) Hits New 52-Week Low – Here’s Why

JPMorgan China Growth & Income plc (LON:JCGI) hit a new 52-week low during mid-day trading on Friday. The company traded as low as GBX 219 and last traded at GBX 220.37, with a volume of 214,052 shares trading hands. The stock had previously closed at GBX 225.

JPMorgan China Growth & Income Price Performance

The business’s 50 day moving average price is GBX 254.48 and its 200 day moving average price is GBX 275.07. The stock has a market capitalization of £172.86 million, a P/E ratio of 6.58 and a beta of 0.83.

Insiders Place Their Bets

In related news, insider Joanne Wong bought 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 21st. The shares were bought at an average price of GBX 239 per share, for a total transaction of £15,535. 0.26% of the stock is currently owned by company 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.