JPMorgan Emerging Markets (LON:JMG) Shares Cross Below 50-Day Moving Average – What’s Next?

JPMorgan Emerging Markets (LON:JMG) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 106.55 ($1.41) and traded as low as GBX 97.90 ($1.30). JPMorgan Emerging Markets shares last traded at GBX 99.40 ($1.32), with a volume of 11,372,612 shares trading hands.

JPMorgan Emerging Markets Price Performance

The stock has a market capitalization of £1.05 billion, a P/E ratio of 13.12 and a beta of 0.62. The business’s 50 day moving average price is GBX 106.07 and its 200 day moving average price is GBX 108.38.

JPMorgan Emerging Markets (LON:JMG) last announced its earnings results on Tuesday, February 25th. The company reported GBX 0.75 ($0.01) earnings per share for the quarter. JPMorgan Emerging Markets had a net margin of 82.19% and a return on equity of 6.30%.

Insiders Place Their Bets

In other news, insider Helena Coles purchased 2,222 shares of the company’s stock in a transaction on Tuesday, April 15th. The stock was acquired at an average cost of GBX 99 ($1.31) per share, for a total transaction of £2,199.78 ($2,911.69). Also, insider Dean Buckley acquired 50,000 shares of JPMorgan Emerging Markets stock in a transaction dated Monday, April 7th. The stock was purchased at an average cost of GBX 90 ($1.19) per share, with a total value of £45,000 ($59,563.20). Insiders own 1.84% of the company’s stock.

About JPMorgan Emerging Markets

Gain access to the attractive long-term growth potential of emerging markets
– Focus on quality, sustainable growth across the market cap spectrum

We aim to maximise total returns by building a diversified portfolio of high quality emerging market companies, both large and small caps, with the potential to deliver sustainable long term growth.