JPMorgan Global Emerg Mkts (LON:JEMI) Reaches New 12-Month High – Still a Buy?

JPMorgan Global Emerg Mkts Inc (LON:JEMI)’s share price reached a new 52-week high on Tuesday . The stock traded as high as GBX 84.80 ($1.06) and last traded at GBX 134 ($1.67), with a volume of 661305 shares. The stock had previously closed at GBX 132 ($1.64).

JPMorgan Global Emerg Mkts Stock Up 1.5 %

The company has a market cap of £396.51 million and a price-to-earnings ratio of -3,350.00. The stock has a fifty day moving average price of GBX 133.39 and a two-hundred day moving average price of GBX 133.70.

JPMorgan Global Emerg Mkts (LON:JEMI) last posted its quarterly earnings results on Monday, November 4th. The company reported GBX 5.64 ($0.07) EPS for the quarter.

JPMorgan Global Emerg Mkts Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 24th. Investors of record on Thursday, December 12th were paid a dividend of GBX 1 ($0.01) per share. This represents a yield of 0.76%. The ex-dividend date of this dividend was Thursday, December 12th. JPMorgan Global Emerg Mkts’s dividend payout ratio is presently -12,500.00%.

Insider Buying and Selling at JPMorgan Global Emerg Mkts

In other news, insider Mark Edwards purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average cost of GBX 133 ($1.65) per share, for a total transaction of £13,300 ($16,548.46). Insiders own 3.65% of the company’s stock.

JPMorgan Global Emerg Mkts Company Profile

JPMorgan Global Emerging Markets Income Investment Trust plc provides a diversified income-oriented way to tap into the growth potential of global emerging markets.

Key points:

Expertise – Extensive network of country and sector specialists from one of the longest established emerging market teams in the industry.
Portfolio – Focused on finding sustainable businesses that have good dividend growth prospects.
Results – Provides a lower risk way to access emerging markets, by investing in stable companies with regular income and good governance structures.

Why invest in this trust

The trust primarily seeks a dividend yield which is higher than the average emerging market company but also growth companies in this exciting equity sector.