JPMorgan Global Growth & Income (LON:JGGI) Sets New 52-Week High – Still a Buy?

JPMorgan Global Growth & Income (LON:JGGI)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 585 ($7.62) and last traded at GBX 581 ($7.56), with a volume of 452165 shares changing hands. The stock had previously closed at GBX 580 ($7.55).

JPMorgan Global Growth & Income Stock Performance

The company’s fifty day simple moving average is GBX 558.36 and its 200 day simple moving average is GBX 559.79. The company has a current ratio of 30.12, a quick ratio of 5.88 and a debt-to-equity ratio of 6.71. The stock has a market capitalization of £2.87 billion, a P/E ratio of 666.67 and a beta of 0.61.

Insider Transactions at JPMorgan Global Growth & Income

In related news, insider Sarah Whitney acquired 3,882 shares of the company’s stock in a transaction dated Friday, October 25th. The stock was bought at an average cost of GBX 576 ($7.50) per share, with a total value of £22,360.32 ($29,107.42). 7.92% of the stock is currently owned by insiders.

JPMorgan Global Growth & Income Company Profile

JPMorgan Global Growth & Income plc is a closed-ended equity mutual fund launched and managed by JPMorgan Funds Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in growth stocks of companies across all market capitalizations, with a bias towards large cap companies.