JPMorgan European Discovery (LON:JEDT) Trading Down 0.2% – Should You Sell?

JPMorgan European Discovery (LON:JEDT)’s stock price dropped 0.2% during mid-day trading on Monday . The company traded as low as GBX 441.98 ($5.55) and last traded at GBX 443 ($5.56). Approximately 19,637 shares changed hands during trading, a decline of 98% from the average daily volume of 874,214 shares. The stock had previously closed at GBX 444 ($5.57).

JPMorgan European Discovery Stock Performance

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 company has a market cap of £531.02 million, a price-to-earnings ratio of 1,703.85 and a beta of 1.24. The firm has a 50-day simple moving average of GBX 447.77 and a 200 day simple moving average of GBX 456.04.

JPMorgan European Discovery Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, February 5th. Investors of record on Thursday, December 19th will be issued a dividend of GBX 3 ($0.04) per share. This represents a dividend yield of 0.68%. The ex-dividend date is Thursday, December 19th. JPMorgan European Discovery’s dividend payout ratio is currently 4,230.77%.

About JPMorgan European Discovery

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.