JPMorgan Emerging Markets (LON:JMG) Stock Passes Above 50-Day Moving Average – Should You Sell?

JPMorgan Emerging Markets (LON:JMG)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 108.37 ($1.41) and traded as high as GBX 110 ($1.43). JPMorgan Emerging Markets shares last traded at GBX 110 ($1.43), with a volume of 2,225,619 shares.

JPMorgan Emerging Markets Price Performance

The company has a 50-day simple moving average of GBX 108.37 and a 200-day simple moving average of GBX 106.98. The stock has a market cap of £1.21 billion, a PE ratio of 5,500.00 and a beta of 0.62.

JPMorgan Emerging Markets Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 10th will be given a GBX 1.30 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a dividend yield of 1.2%. This is a boost from JPMorgan Emerging Markets’s previous dividend of $0.60. JPMorgan Emerging Markets’s dividend payout ratio (DPR) is currently 10,000.00%.

JPMorgan Emerging Markets Company Profile

JPMorgan Emerging Markets Investment Trust plc is a closed ended equity mutual fund launched and managed by JPMorgan Funds Limited. The fund is co-managed by JPMorgan Asset Management (UK) Limited. It invests in public equity markets across global emerging markets. The fund seeks to invest in stocks of companies operating across diversified sectors.