JPMorgan Indian (LON:JII) Share Price Passes Above 50 Day Moving Average – Should You Sell?

Shares of JPMorgan Indian (LON:JII) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 1,013.91 ($12.71) 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 Stock Performance

The firm has a market cap of £719.98 million, a PE ratio of 680.52 and a beta of 0.57. The company has a debt-to-equity ratio of 3.08, a quick ratio of 20.79 and a current ratio of 42.02. The firm’s 50 day moving average price is GBX 1,013.91 and its two-hundred day moving average price is GBX 1,011.94.

Insiders Place Their Bets

In other news, insider Jeremy Whitley purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The shares were 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 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.