JPMorgan European Discovery (LON:JEDT) Stock Price Down 1% – Here’s What Happened

JPMorgan European Discovery (LON:JEDT)’s share price dropped 1% during mid-day trading on Friday . The stock traded as low as GBX 621 and last traded at GBX 622. 46,989 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 158,928 shares. The stock had previously closed at GBX 628.

JPMorgan European Discovery Trading Down 1.0%

The stock has a 50-day simple moving average of GBX 643.55 and a 200 day simple moving average of GBX 622.31. The stock has a market capitalization of £562.02 million, a price-to-earnings ratio of 5.32 and a beta of 0.99.

JPMorgan European Discovery (LON:JEDT) last posted its quarterly earnings results on Friday, June 19th. The company reported GBX 18.18 earnings per share (EPS) for the quarter. The business had revenue of GBX 2,094 million during the quarter. JPMorgan European Discovery had a net margin of 100.99% and a return on equity of 19.15%.

About JPMorgan European Discovery

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.