JPMorgan Indian (LON:JII) Shares Cross Above Fifty Day Moving Average – What’s Next?

Shares of JPMorgan Indian (LON:JII) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 1,024.37 ($12.51) and traded as high as GBX 1,025.99 ($12.53). JPMorgan Indian shares last traded at GBX 1,010 ($12.33), with a volume of 136,191 shares changing hands.

JPMorgan Indian Trading Down 0.6 %

The company has a fifty day moving average of GBX 1,024.37 and a two-hundred day moving average of GBX 1,016.94. The company has a current ratio of 42.02, a quick ratio of 20.79 and a debt-to-equity ratio of 3.08. The stock has a market capitalization of £693.87 million, a price-to-earnings ratio of 655.84 and a beta of 0.57.

Insider Activity

In other JPMorgan Indian news, insider Jeremy Whitley purchased 5,000 shares of the stock in a transaction dated Tuesday, October 22nd. The shares were bought at an average price of GBX 985 ($12.03) per share, with a total value of £49,250 ($60,134.31). Insiders own 1.35% of the company’s stock.

JPMorgan Indian Company Profile

JPMorgan Indian Investment Trust plc provides expertly managed exposure to the long-term growth potential of the Indian market.
Key points:

Expertise – The largest Indian investment trust, managed by a highly-experienced team.
Portfolio – Invests in the long-term growth potential of India, boosted by a growing middle class and young population.
Results – Provides exposure to a market that can be difficult to access through a growth-orientated portfolio of Indian equities.
*Source: Association of Investment Companies, January 2019

Why invest in this trust

JPMorgan Indian Investment Trust plc was the first trust to focus purely on Indian companies.