JPMorgan European Discovery (LON:JEDT) Reaches New 52-Week High – Still a Buy?

JPMorgan European Discovery (LON:JEDT)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 652 and last traded at GBX 651.52, with a volume of 8618 shares trading hands. The stock had previously closed at GBX 652.

JPMorgan European Discovery Trading Down 0.1%

The company has a market cap of £610.16 million, a price-to-earnings ratio of 5.63 and a beta of 1.24. The company has a current ratio of 56.35, a quick ratio of 1.00 and a debt-to-equity ratio of 9.53. The business’s 50 day moving average price is GBX 613.64 and its 200-day moving average price is GBX 589.22.

JPMorgan European Discovery (LON:JEDT) last released its quarterly earnings results on Monday, December 1st. The company reported GBX 15.60 earnings per share for the quarter. JPMorgan European Discovery had a net margin of 90.80% and a return on equity of 17.01%.

JPMorgan European Discovery Company Profile

Uncovering Europe’s hidden gems

Unearth the European companies set to redefine the world: Investing in Europe’s smaller companies provides an opportunity to invest in young, dynamic businesses at the heart of global innovation – including companies with great ideas in established sectors, like retail, finance, consumer durables and engineering. Whilst past performance doesn’t guarantee future results, Europe’s small and mid-cap companies have produced some of the best stock market returns of the past 25 years¹ .

The passion, people and resources to find opportunities first: JPMorgan European Discovery Trust looks to capture this potential by bringing together around 75 of the very best ideas we can find across Europe’s small and mid-cap universe.

Passionate about knowing companies in-depth, our small and mid-cap team conduct over 300 meetings and site visits a year.