JPMorgan Global Emerg Mkts (LON:JEMI) Reaches New 52-Week High – Time to Buy?

JPMorgan Global Emerg Mkts Inc (LON:JEMI) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 84.80 ($1.06) and last traded at GBX 134 ($1.67), with a volume of 661305 shares. The stock had previously closed at GBX 132 ($1.64).

JPMorgan Global Emerg Mkts Price Performance

The company has a 50 day moving average of GBX 133.39 and a two-hundred day moving average of GBX 133.70. The company has a market capitalization of £396.51 million and a PE ratio of -3,350.00.

JPMorgan Global Emerg Mkts (LON:JEMI) last posted its quarterly earnings data on Monday, November 4th. The company reported GBX 5.64 ($0.07) EPS for the quarter.

JPMorgan Global Emerg Mkts Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 24th. Stockholders of record on Thursday, December 12th were issued a dividend of GBX 1 ($0.01) per share. The ex-dividend date was Thursday, December 12th. This represents a dividend yield of 0.76%. JPMorgan Global Emerg Mkts’s payout ratio is presently -12,500.00%.

Insider Buying and Selling

In related news, insider Mark Edwards purchased 10,000 shares of JPMorgan Global Emerg Mkts stock in a transaction dated Friday, December 13th. The stock was purchased at an average cost of GBX 133 ($1.65) per share, for a total transaction of £13,300 ($16,548.46). 3.65% of the stock is currently owned by company insiders.

About JPMorgan Global Emerg Mkts

JPMorgan Global Emerging Markets Income Investment Trust plc provides a diversified income-oriented way to tap into the growth potential of global emerging markets.

Key points:

Expertise – Extensive network of country and sector specialists from one of the longest established emerging market teams in the industry.
Portfolio – Focused on finding sustainable businesses that have good dividend growth prospects.
Results – Provides a lower risk way to access emerging markets, by investing in stable companies with regular income and good governance structures.

Why invest in this trust

The trust primarily seeks a dividend yield which is higher than the average emerging market company but also growth companies in this exciting equity sector.