JPMorgan Global Emerg Mkts (LON:JEMI) Sets New 12-Month High – Here’s Why

JPMorgan Global Emerg Mkts Inc (LON:JEMI)’s share price hit a new 52-week high on Thursday . The company traded as high as GBX 180 and last traded at GBX 180, with a volume of 764968 shares. The stock had previously closed at GBX 177.

JPMorgan Global Emerg Mkts Price Performance

The business’s fifty day moving average is GBX 168.64 and its 200-day moving average is GBX 159.48. The stock has a market capitalization of £473.16 million and a PE ratio of 9.41.

JPMorgan Global Emerg Mkts (LON:JEMI) last issued its 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%.

JPMorgan Global Emerg Mkts Company Profile

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.