JPMorgan Indian (LON:JII) Stock Crosses Above 50-Day Moving Average – Time to Sell?

JPMorgan Indian (LON:JII)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 975.04 ($12.66) and traded as high as GBX 986 ($12.80). JPMorgan Indian shares last traded at GBX 979 ($12.71), with a volume of 59,594 shares.

JPMorgan Indian Stock Up 0.7 %

The stock’s 50-day moving average price is GBX 973.22 and its 200 day moving average price is GBX 1,003. The company has a market cap of £655.80 million, a P/E ratio of 5.44 and a beta of 0.57.

Insiders Place Their Bets

In other news, insider Charlotta Ginman bought 1,040 shares of JPMorgan Indian stock in a transaction dated Tuesday, February 18th. The shares were bought at an average price of GBX 967 ($12.56) per share, for a total transaction of £10,056.80 ($13,059.08). Corporate insiders own 1.35% of the company’s stock.

About JPMorgan Indian

JPMorgan Indian Investment Trust plc provides expertly managed exposure to the long-term growth potential of the Indian market.
Key points:

Expertise – The largest Indian investment trust, managed by a highly-experienced team.
Portfolio – Invests in the long-term growth potential of India, boosted by a growing middle class and young population.
Results – Provides exposure to a market that can be difficult to access through a growth-orientated portfolio of Indian equities.
*Source: Association of Investment Companies, January 2019

Why invest in this trust

JPMorgan Indian Investment Trust plc was the first trust to focus purely on Indian companies.