JPMorgan China Growth & Income (LON:JCGI) Shares Down 0.9% – What’s Next?

JPMorgan China Growth & Income plc (LON:JCGI) shares dropped 0.9% on Wednesday . The company traded as low as GBX 224 ($2.86) and last traded at GBX 224 ($2.86). Approximately 159,555 shares changed hands during trading, a decline of 34% from the average daily volume of 241,364 shares. The stock had previously closed at GBX 226 ($2.88).

JPMorgan China Growth & Income Price Performance

The stock has a market cap of £186.37 million, a P/E ratio of -194.78 and a beta of 0.47. The company has a current ratio of 2.19, a quick ratio of 11.22 and a debt-to-equity ratio of 4.74. The company’s fifty day simple moving average is GBX 231.85 and its 200-day simple moving average is GBX 216.96.

JPMorgan China Growth & Income Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, October 17th were paid a GBX 2.73 ($0.03) dividend. The ex-dividend date of this dividend 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

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.