JPMorgan European Discovery (LON:JEDT) Trading Down 0.3% – Should You Sell?

JPMorgan European Discovery (LON:JEDT)’s stock price dropped 0.3% during trading on Wednesday . The stock traded as low as GBX 474.50 ($5.91) and last traded at GBX 474.50 ($5.91). Approximately 89,066 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 182,333 shares. The stock had previously closed at GBX 476 ($5.92).

JPMorgan European Discovery Price Performance

The company’s 50 day moving average price is GBX 454.89 and its 200 day moving average price is GBX 455.50. The company has a market cap of £568.78 million, a price-to-earnings ratio of 1,825.00 and a beta of 1.24. The company has a debt-to-equity ratio of 9.50, a quick ratio of 1.00 and a current ratio of 6.01.

JPMorgan European Discovery (LON:JEDT) last announced its quarterly earnings data on Monday, December 9th. The company reported GBX 10.72 ($0.13) earnings per share for the quarter. JPMorgan European Discovery had a return on equity of 5.09% and a net margin of 79.57%.

JPMorgan European Discovery Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Thursday, December 19th were paid a GBX 3 ($0.04) dividend. The ex-dividend date was Thursday, December 19th. This represents a dividend yield of 0.68%. JPMorgan European Discovery’s dividend payout ratio (DPR) is presently 4,230.77%.

JPMorgan European Discovery Company Profile

JPMorgan European Smaller Companies Trust plc is a closed ended equity mutual fund launched and managed by JPMorgan Funds Limited. The fund is co-managed by JPMorgan Asset Management (UK) Limited. It invests in the public equity markets of Europe, excluding the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors.