JPMorgan Global Emerg Mkts (LON:JEMI) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

JPMorgan Global Emerg Mkts Inc (LON:JEMI)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 134.05 ($1.69) and traded as high as GBX 136 ($1.71). JPMorgan Global Emerg Mkts shares last traded at GBX 136 ($1.71), with a volume of 832,811 shares changing hands.

JPMorgan Global Emerg Mkts Stock Performance

The business’s 50 day moving average is GBX 134.21 and its 200-day moving average is GBX 133.59. The firm has a market capitalization of £377.03 million and a price-to-earnings ratio of 15.33.

JPMorgan Global Emerg Mkts Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, January 24th. Investors of record on Thursday, December 12th were paid a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a yield of 0.76%. JPMorgan Global Emerg Mkts’s payout ratio is presently 56.58%.

Insider Activity at JPMorgan Global Emerg Mkts

In related news, insider Mark Edwards purchased 10,000 shares of JPMorgan Global Emerg Mkts stock in a transaction on Friday, December 13th. The stock was purchased at an average cost of GBX 133 ($1.67) per share, with a total value of £13,300 ($16,740.09). 3.65% of the stock is currently owned by company insiders.

JPMorgan Global Emerg Mkts Company Profile

JPMorgan Global Emerging Markets Income Investment Trust plc provides a diversified income-oriented way to tap into the growth potential of global emerging markets.

Key points:

Expertise – Extensive network of country and sector specialists from one of the longest established emerging market teams in the industry.
Portfolio – Focused on finding sustainable businesses that have good dividend growth prospects.
Results – Provides a lower risk way to access emerging markets, by investing in stable companies with regular income and good governance structures.

Why invest in this trust

The trust primarily seeks a dividend yield which is higher than the average emerging market company but also growth companies in this exciting equity sector.