JPMorgan Global Growth & Income (LON:JGGI) Stock Price Down 0.5% – Here’s Why

JPMorgan Global Growth & Income (LON:JGGI)’s share price dropped 0.5% on Friday . The stock traded as low as GBX 574 ($7.78) and last traded at GBX 575.32 ($7.80). Approximately 736,762 shares traded hands during trading, a decline of 44% from the average daily volume of 1,314,634 shares. The stock had previously closed at GBX 578 ($7.83).

JPMorgan Global Growth & Income Trading Down 0.5%

The firm has a market capitalization of £2.97 billion, a PE ratio of 4.74 and a beta of 0.61. The firm’s fifty day moving average is GBX 554.50 and its two-hundred day moving average is GBX 548.38. The company has a debt-to-equity ratio of 5.06, a current ratio of 6.67 and a quick ratio of 5.88.

Insider Buying and Selling at JPMorgan Global Growth & Income

In related news, insider Jane Lewis acquired 1,113 shares of the firm’s stock in a transaction on Wednesday, June 4th. The stock was acquired at an average cost of GBX 532 ($7.21) per share, for a total transaction of £5,921.16 ($8,025.43). Also, insider Sarah Whitney acquired 4,686 shares of the firm’s stock in a transaction on Thursday, June 5th. The stock was bought at an average price of GBX 533 ($7.22) per share, with a total value of £24,976.38 ($33,852.51). Insiders have acquired a total of 23,780 shares of company stock valued at $12,571,082 in the last three months. 7.92% of the stock is currently owned by corporate insiders.

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.