JPMorgan Global Emerg Mkts (LON:JEMI) Stock Price Passes Above 50-Day Moving Average – What’s Next?

JPMorgan Global Emerg Mkts Inc (LON:JEMI) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 134.75 ($1.70) and traded as high as GBX 138 ($1.74). JPMorgan Global Emerg Mkts shares last traded at GBX 137.50 ($1.74), with a volume of 642,838 shares changing hands.

JPMorgan Global Emerg Mkts Stock Up 0.0 %

The stock has a market cap of £382.73 million and a PE ratio of 15.56. The firm’s fifty day moving average price is GBX 134.75 and its 200 day moving average price is GBX 133.78.

JPMorgan Global Emerg Mkts Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 24th. Stockholders of record on Thursday, December 12th were given a dividend of GBX 1 ($0.01) per share. This represents a dividend yield of 0.76%. The ex-dividend date of this dividend was Thursday, December 12th. JPMorgan Global Emerg Mkts’s dividend payout ratio is currently 56.58%.

Insider Buying and Selling at JPMorgan Global Emerg Mkts

In other JPMorgan Global Emerg Mkts news, insider Mark Edwards bought 10,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of GBX 133 ($1.68) per share, for a total transaction of £13,300 ($16,784.45). Company insiders own 3.65% of the company’s stock.

About JPMorgan Global Emerg Mkts

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.