JPMorgan Indian (LON:JII) Reaches New 12-Month High – Still a Buy?

JPMorgan Indian (LON:JII)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 1,068 ($13.22) and last traded at GBX 1,063.84 ($13.17), with a volume of 22285 shares trading hands. The stock had previously closed at GBX 1,062 ($13.15).

JPMorgan Indian Trading Up 0.4 %

The stock has a market capitalization of £732.34 million, a PE ratio of 692.21 and a beta of 0.57. The company has a current ratio of 42.02, a quick ratio of 20.79 and a debt-to-equity ratio of 3.08. The firm has a 50-day moving average price of GBX 1,019.97 and a 200-day moving average price of GBX 1,014.90.

Insider Activity at JPMorgan Indian

In related news, insider Jeremy Whitley purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The shares were bought at an average price of GBX 985 ($12.19) per share, with a total value of £49,250 ($60,960.51). 1.35% of the stock is owned by company 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.