JPMorgan China Growth & Income (LON:JCGI) Shares Down 0.9% – Here’s Why

JPMorgan China Growth & Income plc (LON:JCGIGet Free Report)’s share price dropped 0.9% during mid-day trading on Wednesday . The stock traded as low as GBX 224 ($2.83) and last traded at GBX 224 ($2.83). Approximately 159,555 shares were traded during trading, a decline of 34% from the average daily volume of 241,364 shares. The stock had previously closed at GBX 226 ($2.85).

JPMorgan China Growth & Income Stock Performance

The company has a debt-to-equity ratio of 4.74, a quick ratio of 11.22 and a current ratio of 2.19. The stock’s 50 day moving average price is GBX 229.71 and its 200 day moving average price is GBX 216.54. The company has a market capitalization of £187.20 million, a P/E ratio of -195.65 and a beta of 0.47.

JPMorgan China Growth & Income Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, October 17th were issued a dividend of GBX 2.73 ($0.03) per share. The ex-dividend date was Thursday, October 17th. This represents a yield of 1.14%. JPMorgan China Growth & Income’s payout ratio is currently -956.52%.

About JPMorgan China Growth & Income

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JPMorgan China Growth & Income plc is a close-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 the Greater China region. The fund seeks to invest in stocks of companies operating across diversified sectors.

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