JPMorgan European Discovery (LON:JEDT) Trading Down 1% – Here’s Why

JPMorgan European Discovery (LON:JEDT)’s share price fell 1% during mid-day trading on Thursday . The company traded as low as GBX 451.50 ($5.86) and last traded at GBX 451.58 ($5.86). 118,292 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 978,313 shares. The stock had previously closed at GBX 456 ($5.91).

JPMorgan European Discovery Price Performance

The firm has a market capitalization of £547.81 million, a P/E ratio of 1,757.69 and a beta of 1.24. The company has a quick ratio of 1.00, a current ratio of 6.01 and a debt-to-equity ratio of 9.50. The stock has a fifty day moving average of GBX 459.06 and a 200-day moving average of GBX 464.08.

Insiders Place Their Bets

In other news, insider James Will acquired 10,000 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was purchased at an average cost of GBX 447 ($5.80) per share, with a total value of £44,700 ($57,969.14). Company 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.