JPMorgan Asia Growth & Income (LON:JAGI) Trading Up 1.6% – Time to Buy?

JPMorgan Asia Growth & Income plc (LON:JAGI)’s stock price shot up 1.6% during mid-day trading on Tuesday . The stock traded as high as GBX 490 and last traded at GBX 490. 132,645 shares were traded during trading, an increase of 8% from the average session volume of 122,710 shares. The stock had previously closed at GBX 482.50.

JPMorgan Asia Growth & Income Stock Up 1.0%

The firm has a market capitalization of £333.18 million, a PE ratio of 7.06 and a beta of 0.56. The company has a 50-day moving average of GBX 452.37 and a 200 day moving average of GBX 431.93.

JPMorgan Asia Growth & Income (LON:JAGI) last issued its quarterly earnings results on Thursday, December 11th. The company reported GBX 4.54 earnings per share (EPS) for the quarter. JPMorgan Asia Growth & Income had a return on equity of 12.22% and a net margin of 86.71%.

Insider Transactions at JPMorgan Asia Growth & Income

In related news, insider Will Rogers purchased 20,000 shares of the business’s stock in a transaction on Friday, December 12th. The stock was acquired at an average price of GBX 443 per share, with a total value of £88,600. 0.19% of the stock is currently owned by insiders.

JPMorgan Asia Growth & Income Company Profile

Targeting income without compromising on Asia’s growth

JPMorgan Asia Growth & Income plc provides access to the world’s fastest growing equity market and targets predictable quarterly income without compromising its focus on growth.

Key points:
Expertise – Managed by emerging market veterans.
Portfolio – Manager’s focus on seeking out Asia’s best growth ideas.
Results – Seeks to provide predictable quarterly income distributions set annually.

Why invest in this trust
Managed by our locally based team of investment experts, the JPMorgan Asia Growth & Income plc provides broad access to Asia’s fast growing markets and benefits from our long experience in the region.

Investment objective
Aims to provide capital growth from a diversified portfolio of around 50 to 80 companies quoted on the Asian stock markets, excluding Japan.