JPMorgan European Discovery (LON:JEDT) Stock Price Up 0.3% – Still a Buy?

JPMorgan European Discovery (LON:JEDT) shares shot up 0.3% on Friday . The company traded as high as GBX 441.50 ($5.53) and last traded at GBX 439.50 ($5.51). 374,867 shares traded hands during trading, a decline of 60% from the average session volume of 934,297 shares. The stock had previously closed at GBX 438 ($5.49).

JPMorgan European Discovery Stock Performance

The company has a market cap of £526.83 million, a PE ratio of 1,690.38 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. The firm’s 50 day moving average is GBX 459.30 and its 200-day moving average is GBX 462.99.

Insider Activity at JPMorgan European Discovery

In other news, insider James Will acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average cost of GBX 447 ($5.60) per share, for a total transaction of £44,700 ($56,036.10). Insiders own 3.56% of the company’s stock.

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.