JPMorgan Asia Growth & Income (LON:JAGI) Trading Down 3.3% - Time to Sell?
JPMorgan Asia Growth & Income (LON:JAGI) shares fell 3.3% during mid-day trading, with a significant drop in trading volume. The stock's fifty-day moving average is GBX 442.12, and its 200-day moving average is GBX 405.15. Despite the decline, the company targets predictable quarterly income from Asia's growth markets. Analysts currently rate the stock as Hold, suggesting other stocks may be better investments.
JPMorgan Asia Growth & Income plc (LON:JAGI - Get Free Report)'s share price traded down 3.3% during mid-day trading on Friday . The company traded as low as GBX 428.32 and last traded at GBX 429. 115,959 shares were traded during mid-day trading, a decline of 37% from the average session volume of 183,058 shares. The stock had previously closed at GBX 443.50.
JPMorgan Asia Growth & Income Stock Down 3.3%
The business's fifty day moving average is GBX 442.12 and its 200-day moving average is GBX 405.15. The stock has a market capitalization of £290.05 million, a PE ratio of 16.29 and a beta of 0.56.
Insider Activity
In other news, insider June Aitken acquired 186 shares of the company's stock in a transaction dated Tuesday, August 26th. The stock was acquired at an average cost of GBX 401 per share, for a total transaction of £745.86. 0.27% of the stock is owned by corporate insiders.
JPMorgan Asia Growth & Income Company Profile
(Get Free Report)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.
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