JPMorgan China Growth & Income (LON:JCGI) Stock Price Up 1.7% – Here’s What Happened

JPMorgan China Growth & Income plc (LON:JCGI)’s stock price rose 1.7% on Tuesday . The company traded as high as GBX 250 ($3.35) and last traded at GBX 246 ($3.29). Approximately 171,258 shares were traded during trading, a decline of 23% from the average daily volume of 222,218 shares. The stock had previously closed at GBX 242 ($3.24).

JPMorgan China Growth & Income Price Performance

The business’s 50 day simple moving average is GBX 234.97 and its 200 day simple moving average is GBX 236.98. The company has a market capitalization of £205.52 million, a price-to-earnings ratio of 32.54 and a beta of 0.47.

JPMorgan China Growth & Income (LON:JCGI) last released its earnings results on Monday, June 2nd. The company reported GBX 0.14 ($0.00) earnings per share (EPS) for the quarter. JPMorgan China Growth & Income had a return on equity of 2.99% and a net margin of 72.25%.

JPMorgan China Growth & Income Company Profile

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.