JPMorgan American (LON:JAM) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

JPMorgan American (LON:JAM)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 985.54 ($12.80) and traded as high as GBX 1,032 ($13.40). JPMorgan American shares last traded at GBX 1,028 ($13.35), with a volume of 1,008,308 shares changing hands.

JPMorgan American Stock Up 0.8 %

The company has a market capitalization of £1.87 billion, a P/E ratio of 446.55 and a beta of 0.65. The company has a debt-to-equity ratio of 5.39, a quick ratio of 1.45 and a current ratio of 4.13. The firm’s fifty day moving average is GBX 986.28 and its 200-day moving average is GBX 981.42.

JPMorgan American Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, October 7th. Investors of record on Thursday, August 29th were given a dividend of GBX 2.75 ($0.04) per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a yield of 0.28%. JPMorgan American’s dividend payout ratio is presently 344.83%.

JPMorgan American Company Profile

JPMorgan American Investment Trust plc is a close-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 public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.