JPMorgan Global Emerg Mkts (LON:JEMI) Share Price Crosses Below 50 Day Moving Average – Here’s Why

JPMorgan Global Emerg Mkts Inc (LON:JEMI)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 165.96 and traded as low as GBX 163.50. JPMorgan Global Emerg Mkts shares last traded at GBX 169.50, with a volume of 116,307 shares trading hands.

JPMorgan Global Emerg Mkts Trading Up 0.9%

The firm has a market cap of £449.91 million and a P/E ratio of 8.94. The business’s fifty day simple moving average is GBX 166.15 and its 200-day simple moving average is GBX 156.92.

JPMorgan Global Emerg Mkts (LON:JEMI) last issued its quarterly earnings results on Friday, November 7th. The company reported GBX 5.69 earnings per share (EPS) for the quarter. JPMorgan Global Emerg Mkts had a return on equity of 5.95% and a net margin of 72.95%.

JPMorgan Global Emerg Mkts Company Profile

JPMorgan Global Emerging Markets Income Investment Trust plc provides a diversified income-oriented way to tap into the growth potential of global emerging markets.

Key points:

Expertise – Extensive network of country and sector specialists from one of the longest established emerging market teams in the industry.
Portfolio – Focused on finding sustainable businesses that have good dividend growth prospects.
Results – Provides a lower risk way to access emerging markets, by investing in stable companies with regular income and good governance structures.

Why invest in this trust

The trust primarily seeks a dividend yield which is higher than the average emerging market company but also growth companies in this exciting equity sector.