JPMorgan Global Emerg Mkts (LON:JEMI) Reaches New 52-Week High – Here’s Why

JPMorgan Global Emerg Mkts Inc (LON:JEMI)’s share price reached a new 52-week high on Monday . The stock traded as high as GBX 80 and last traded at GBX 166, with a volume of 566445 shares changing hands. The stock had previously closed at GBX 164.50.

JPMorgan Global Emerg Mkts Trading Up 0.9%

The stock has a market cap of £436.75 million and a PE ratio of 8.68. The business has a fifty day simple moving average of GBX 165 and a two-hundred day simple moving average of GBX 155.70.

JPMorgan Global Emerg Mkts (LON:JEMI) last released its quarterly earnings results on Friday, November 7th. The company reported GBX 5.69 earnings per share for the quarter. JPMorgan Global Emerg Mkts had a return on equity of 5.95% and a net margin of 72.95%.

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.