JPMorgan Global Emerg Mkts (LON:JEMI) Shares Cross Below 50-Day Moving Average – Here’s What Happened

JPMorgan Global Emerg Mkts Inc (LON:JEMI) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 133.17 ($1.63) and traded as low as GBX 132.50 ($1.62). JPMorgan Global Emerg Mkts shares last traded at GBX 134.50 ($1.64), with a volume of 525,035 shares traded.

JPMorgan Global Emerg Mkts Stock Down 1.8 %

The firm has a market cap of £397.99 million and a price-to-earnings ratio of -3,362.50. The company has a 50 day moving average of GBX 133.17 and a 200 day moving average of GBX 133.86.

JPMorgan Global Emerg Mkts Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 24th. Investors of record on Thursday, December 12th will be paid a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a dividend yield of 0.76%. JPMorgan Global Emerg Mkts’s dividend payout ratio (DPR) is presently -12,500.00%.

Insiders Place Their Bets

In other news, insider Mark Edwards acquired 10,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of GBX 133 ($1.62) per share, for a total transaction of £13,300 ($16,239.32). Company insiders own 3.65% of the company’s stock.

About JPMorgan Global Emerg Mkts

JPMorgan Global Emerging Markets Income Trust plc is a closed-ended equity mutual fund launched and managed by JPMorgan Funds Limited. It is co-managed by JPMorgan Asset Management (UK) Limited. The fund invests in the public equity markets of emerging market countries across the globe. It seeks to invest in stocks of companies operating across diversified sectors.