JPMorgan Global Emerg Mkts (LON:JEMI) Share Price Crosses Below 200 Day Moving Average – What’s Next?

JPMorgan Global Emerg Mkts Inc (LON:JEMI)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 133.92 ($1.75) and traded as low as GBX 133.50 ($1.74). JPMorgan Global Emerg Mkts shares last traded at GBX 136.50 ($1.78), with a volume of 318,634 shares changing hands.

JPMorgan Global Emerg Mkts Stock Down 1.1 %

The company’s fifty day simple moving average is GBX 133.35 and its two-hundred day simple moving average is GBX 133.96. The company has a market capitalization of £399.47 million and a price-to-earnings ratio of -3,412.50.

JPMorgan Global Emerg Mkts Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 12th will be paid a dividend of GBX 2.40 ($0.03) per share. This is a boost from JPMorgan Global Emerg Mkts’s previous dividend of $1.00. This represents a dividend yield of 1.83%. The ex-dividend date is Thursday, September 12th. JPMorgan Global Emerg Mkts’s dividend payout ratio (DPR) is currently -12,500.00%.

Insider Activity

In other JPMorgan Global Emerg Mkts news, insider Lucy Macdonald purchased 15,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of GBX 126 ($1.65) per share, with a total value of £18,900 ($24,680.07). 3.65% of the stock is owned by corporate insiders.

About JPMorgan Global Emerg Mkts

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