JPMorgan European Growth & Income (LON:JEGI) Trading Down 0.2% – Should You Sell?

JPMorgan European Growth & Income (LON:JEGI) dropped 0.2% during mid-day trading on Thursday . The company traded as low as GBX 99 ($1.25) and last traded at GBX 99.20 ($1.25). Approximately 215,596 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 559,846 shares. The stock had previously closed at GBX 99.40 ($1.25).

JPMorgan European Growth & Income Stock Performance

The company has a quick ratio of 20.49, a current ratio of 17.01 and a debt-to-equity ratio of 8.34. The company has a market capitalization of £427.92 million, a price-to-earnings ratio of 588.24 and a beta of 0.85. The stock has a 50 day simple moving average of GBX 99.34 and a 200 day simple moving average of GBX 102.48.

JPMorgan European Growth & Income Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, November 28th will be issued a dividend of GBX 1.20 ($0.02) per share. This represents a yield of 1.22%. The ex-dividend date of this dividend is Thursday, November 28th. JPMorgan European Growth & Income’s payout ratio is 2,941.18%.

JPMorgan European Growth & Income Company Profile

JPMorgan European Growth & Income plc – Ordinary Shares is an open-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 in Europe. The fund primarily invests its portfolio in the financial sector.