JPMorgan Global Emerg Mkts (LON:JEMI) Sets New 1-Year High – Still a Buy?

Shares of JPMorgan Global Emerg Mkts Inc (LON:JEMI) hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 85 and last traded at GBX 205.02, with a volume of 926844 shares changing hands. The stock had previously closed at GBX 205.02.

JPMorgan Global Emerg Mkts Stock Performance

The firm’s fifty day simple moving average is GBX 203.52 and its 200-day simple moving average is GBX 190.67. The stock has a market cap of £530.50 million, a P/E ratio of 4.69 and a beta of 1.09.

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

JPMorgan Global Emerg Mkts Company Profile

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.