JPMorgan Global Emerg Mkts (LON:JEMI) Share Price Passes Above 50-Day Moving Average – Should You Sell?

JPMorgan Global Emerg Mkts Inc (LON:JEMI) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 133.51 ($1.73) and traded as high as GBX 138 ($1.79). JPMorgan Global Emerg Mkts shares last traded at GBX 134.75 ($1.75), with a volume of 403,153 shares changing hands.

JPMorgan Global Emerg Mkts Stock Up 1.5 %

The company has a market capitalization of £403.90 million and a price-to-earnings ratio of -3,412.50. The business has a 50-day moving average price of GBX 133.54 and a 200-day moving average price of GBX 134.11.

JPMorgan Global Emerg Mkts Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 12th were paid a GBX 2.40 ($0.03) dividend. This is a positive change from JPMorgan Global Emerg Mkts’s previous dividend of $1.00. The ex-dividend date was Thursday, September 12th. This represents a yield of 1.83%. JPMorgan Global Emerg Mkts’s dividend payout ratio (DPR) is currently -12,500.00%.

Insiders Place Their Bets

In other JPMorgan Global Emerg Mkts news, insider Lucy Macdonald bought 15,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was acquired at an average price of GBX 126 ($1.64) per share, with a total value of £18,900 ($24,539.08). Corporate insiders own 3.65% of the company’s stock.

JPMorgan Global Emerg Mkts Company Profile

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.