JPMorgan Global Emerg Mkts (LON:JEMI) Sets New 52-Week High – Still a Buy?

JPMorgan Global Emerg Mkts Inc (LON:JEMI)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 85 and last traded at GBX 204, with a volume of 271408 shares trading hands. The stock had previously closed at GBX 204.

JPMorgan Global Emerg Mkts Stock Performance

The firm’s 50 day simple moving average is GBX 204.92 and its 200-day simple moving average is GBX 194.73. The company has a market capitalization of £527.87 million, a price-to-earnings ratio of 4.67 and a beta of 1.09.

JPMorgan Global Emerg Mkts (LON:JEMI) last issued its earnings results on Friday, June 26th. The company reported GBX 0.37 earnings per share (EPS) for the quarter. JPMorgan Global Emerg Mkts had a net margin of 94.77% and a return on equity of 24.31%.

About JPMorgan Global Emerg Mkts

Take a closer look at emerging markets

JPMorgan Emerging Markets Dividend Income 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.