JPMorgan Global Emerg Mkts (LON:JEMI) Shares Break Above Fifty Day Moving Average – Here’s What Happened

JPMorgan Global Emerg Mkts Inc (LON:JEMI)’s share price passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of GBX 205.81 and traded as high as GBX 218. JPMorgan Global Emerg Mkts shares last traded at GBX 216, with a volume of 428,632 shares changing hands.

JPMorgan Global Emerg Mkts Stock Performance

The stock has a market capitalization of £557.23 million, a price-to-earnings ratio of 4.94 and a beta of 1.03. The business has a 50-day moving average of GBX 206.41 and a 200-day moving average of GBX 199.65.

JPMorgan Global Emerg Mkts (LON:JEMI) last released its quarterly earnings results on Friday, June 26th. The company reported GBX 0.37 EPS for the quarter. JPMorgan Global Emerg Mkts had a return on equity of 24.31% and a net margin of 94.77%.

About JPMorgan Global Emerg Mkts

Take a closer look at emerging markets

JPMorgan Emerging Markets Dividend Income 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.