JPMorgan Indian (LON:JII) Stock Passes Above 50 Day Moving Average – Here’s Why

JPMorgan Indian (LON:JII)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 1,013.91 ($12.71) and traded as high as GBX 1,052 ($13.18). JPMorgan Indian shares last traded at GBX 1,048 ($13.13), with a volume of 45,271 shares traded.

JPMorgan Indian Trading Up 1.0 %

The stock’s fifty day simple moving average is GBX 1,013.91 and its 200 day simple moving average is GBX 1,011.94. The company has a quick ratio of 20.79, a current ratio of 42.02 and a debt-to-equity ratio of 3.08. The firm has a market capitalization of £719.98 million, a PE ratio of 680.52 and a beta of 0.57.

Insiders Place Their Bets

In other JPMorgan Indian news, insider Jeremy Whitley bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was bought at an average cost of GBX 985 ($12.34) per share, for a total transaction of £49,250 ($61,716.79). 1.35% of the stock is currently owned by insiders.

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.