JPMorgan China Growth & Income (LON:JCGI) Trading Down 0.9% – Time to Sell?

JPMorgan China Growth & Income plc (LON:JCGI)’s share price fell 0.9% during trading on Wednesday . The company traded as low as GBX 224 ($2.83) and last traded at GBX 224 ($2.83). 159,555 shares changed hands during trading, a decline of 34% from the average session volume of 241,364 shares. The stock had previously closed at GBX 226 ($2.85).

JPMorgan China Growth & Income Price Performance

The company has a fifty day simple moving average of GBX 229.71 and a two-hundred day simple moving average of GBX 216.54. The stock has a market capitalization of £187.20 million, a price-to-earnings ratio of -195.65 and a beta of 0.47. The company has a debt-to-equity ratio of 4.74, a quick ratio of 11.22 and a current ratio of 2.19.

JPMorgan China Growth & Income Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, December 2nd. Stockholders 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 dividend yield of 1.14%. JPMorgan China Growth & Income’s dividend payout ratio (DPR) is currently -956.52%.

About JPMorgan China Growth & Income

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.