JPMorgan Indian (LON:JII) Stock Crosses Above 50 Day Moving Average – Should You Sell?

JPMorgan Indian (LON:JII) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 1,013.91 ($12.76) and traded as high as GBX 1,052 ($13.24). JPMorgan Indian shares last traded at GBX 1,048 ($13.19), with a volume of 45,271 shares changing hands.

JPMorgan Indian Stock Performance

The stock has a market cap of £717.23 million, a price-to-earnings ratio of 677.92 and a beta of 0.57. The company has a debt-to-equity ratio of 3.08, a current ratio of 42.02 and a quick ratio of 20.79. The stock’s 50-day moving average is GBX 1,014.79 and its 200-day moving average is GBX 1,012.16.

Insider Transactions at JPMorgan Indian

In other JPMorgan Indian news, insider Jeremy Whitley purchased 5,000 shares of JPMorgan Indian stock in a transaction on Tuesday, October 22nd. The shares were purchased at an average cost of GBX 985 ($12.39) per share, with a total value of £49,250 ($61,973.07). Insiders own 1.35% of the company’s stock.

About JPMorgan Indian

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.