JPMorgan Global Growth & Income (LON:JGGI) Trading 0.5% Higher – Still a Buy?

JPMorgan Global Growth & Income (LON:JGGI)’s stock price shot up 0.5% during trading on Monday . The company traded as high as GBX 555 ($7.41) and last traded at GBX 555 ($7.41). 1,230,520 shares traded hands during trading, a decline of 14% from the average session volume of 1,428,409 shares. The stock had previously closed at GBX 552 ($7.37).

JPMorgan Global Growth & Income Stock Up 0.5%

The company has a debt-to-equity ratio of 5.06, a current ratio of 6.67 and a quick ratio of 5.88. The business has a 50 day simple moving average of GBX 523.24 and a 200 day simple moving average of GBX 565.25. The company has a market capitalization of £2.86 billion, a price-to-earnings ratio of 4.57 and a beta of 0.61.

JPMorgan Global Growth & Income (LON:JGGI) last released its quarterly earnings results on Friday, February 28th. The company reported GBX 3.36 ($0.04) EPS for the quarter. JPMorgan Global Growth & Income had a return on equity of 22.97% and a net margin of 94.75%.

Insider Activity

In related news, insider Rakesh Thakrar acquired 3,610 shares of JPMorgan Global Growth & Income stock in a transaction dated Tuesday, March 25th. The shares were acquired at an average cost of GBX 551 ($7.36) per share, for a total transaction of £19,891.10 ($26,567.52). Insiders own 7.92% of the company’s stock.

JPMorgan Global Growth & Income Company Profile

A distinctive strategy for today’s markets
JPMorgan Global Growth & Income plc provides the best of both worlds. The manager focuses on investing in the best ideas from across the world’s stock market, whilst the Company delivers a predictable quarterly income distribution – set at the beginning of its financial year.

Key points:
Expertise – Tapping into the local proprietary analysis of JPMorgan’s award winning and experienced global research team.
Portfolio – A global best ideas – go anywhere – portfolio, with the manager focused on identifying companies that will provide the best total returns.
Results – Provides the best of both worlds – predictable quarterly income and long-term growth from the best global ideas.