JPMorgan American (LON:JAM) Sets New 1-Year High – What’s Next?

JPMorgan American (LON:JAM)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 1,068 ($13.90) and last traded at GBX 1,063.21 ($13.84), with a volume of 192163 shares changing hands. The stock had previously closed at GBX 1,008 ($13.12).

JPMorgan American Price Performance

The stock’s 50-day moving average is GBX 990.47 and its 200 day moving average is GBX 983.52. The company has a debt-to-equity ratio of 5.39, a quick ratio of 1.45 and a current ratio of 4.13. The stock has a market capitalization of £1.91 billion, a PE ratio of 434.48 and a beta of 0.65.

JPMorgan American Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, October 7th. Shareholders of record on Thursday, August 29th were paid a GBX 2.75 ($0.04) dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a yield of 0.28%. JPMorgan American’s dividend payout ratio is presently 344.83%.

About JPMorgan American

JPMorgan American Investment Trust plc is a close-ended equity mutual fund launched and managed by JPMorgan Funds Limited. It is co-managed by JPMorgan Asset Management (UK) Limited. The fund invests in public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.