JPMorgan China Growth & Income (LON:JCGI) Sets New 52-Week Low – Time to Sell?

JPMorgan China Growth & Income plc (LON:JCGI)’s share price reached a new 52-week low during trading on Friday. The stock traded as low as GBX 219 and last traded at GBX 220.37, with a volume of 214,052 shares changing hands. The stock had previously closed at GBX 225.

JPMorgan China Growth & Income Trading Down 2.1%

The company has a market cap of £172.86 million, a price-to-earnings ratio of 6.58 and a beta of 0.83. The stock’s 50 day moving average price is GBX 255.49 and its 200 day moving average price is GBX 275.48.

Insider Buying and Selling at JPMorgan China Growth & Income

In other news, insider Joanne Wong bought 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 21st. The shares were acquired at an average cost of GBX 239 per share, with a total value of £15,535. Company insiders own 0.26% of the company’s stock.

About JPMorgan China Growth & Income

Strategic thinking for Chinese markets

JPMorgan China Growth & Income plc aims to provide the best of both worlds. The Manager focuses on investing in Chinese companies listed on domestic exchanges and companies in Greater China by focusing on the growth of “New China” – companies and sectors that are capitalising on the transition of the country to a more consumer-driven economy – whilst the Company aims to deliver a predictable quarterly income distribution – announced at the start of each financial year.

Key points

Expertise – Strong focus on research capabilities, with investment teams based in Hong Kong, Taiwan and mainland China.
Portfolio – Focuses on companies benefiting from the transition of China to a consumer-driven economy.
Results – Benefits from the economic transformation and evolving role of China as a global economic superpower while aiming to deliver a predictable quarterly income.

Why invest in this trust

The first investment trust to focus purely on the greater China region, the JPMorgan China Growth & Income plc capitalises on our extensive local knowledge and experience to find attractive opportunities in China, Taiwan and Hong Kong.