JPMorgan Global Emerg Mkts (LON:JEMI) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

JPMorgan Global Emerg Mkts Inc (LON:JEMI) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 187.79 and traded as high as GBX 194.50. JPMorgan Global Emerg Mkts shares last traded at GBX 192, with a volume of 276,357 shares trading hands.

JPMorgan Global Emerg Mkts Stock Performance

The company has a market capitalization of £503.60 million, a P/E ratio of 4.43 and a beta of 1.08. The business’s fifty day simple moving average is GBX 187.79 and its 200-day simple moving average is GBX 180.52.

JPMorgan Global Emerg Mkts (LON:JEMI) last announced its quarterly earnings results on Thursday, April 2nd. The company reported GBX 2.20 earnings per share (EPS) for the quarter. JPMorgan Global Emerg Mkts had a net margin of 94.77% and a return on equity of 24.31%. The company had revenue of GBX 745 million for the quarter.

JPMorgan Global Emerg Mkts Company Profile

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.