JPMorgan Global Emerg Mkts (LON:JEMI) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

JPMorgan Global Emerg Mkts Inc (LON:JEMI)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 133.23 ($1.66) and traded as high as GBX 134.50 ($1.67). JPMorgan Global Emerg Mkts shares last traded at GBX 134 ($1.66), with a volume of 205,421 shares traded.

JPMorgan Global Emerg Mkts Trading Down 1.1 %

The company has a market cap of £392.07 million and a P/E ratio of -3,312.50. The stock’s 50-day moving average price is GBX 133.19 and its 200-day moving average price is GBX 133.77.

JPMorgan Global Emerg Mkts Cuts Dividend

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

Insider Transactions at JPMorgan Global Emerg Mkts

In related news, insider Mark Edwards purchased 10,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average cost of GBX 133 ($1.65) per share, with a total value of £13,300 ($16,521.74). 3.65% of the stock is currently owned by insiders.

JPMorgan Global Emerg Mkts Company Profile

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.