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

JPMorgan Global Emerg Mkts Inc (LON:JEMI)’s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 133.31 ($1.64) and traded as high as GBX 136.47 ($1.68). JPMorgan Global Emerg Mkts shares last traded at GBX 135 ($1.66), with a volume of 338,759 shares traded.

JPMorgan Global Emerg Mkts Trading Down 0.7 %

The business’s 50 day simple moving average is GBX 133.31 and its two-hundred day simple moving average is GBX 133.78. The firm has a market capitalization of £396.51 million and a PE ratio of -3,350.00.

JPMorgan Global Emerg Mkts (LON:JEMI) last posted its earnings results on Monday, November 4th. The company reported GBX 5.64 ($0.07) earnings per share for the quarter.

JPMorgan Global Emerg Mkts Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 24th. Investors of record on Thursday, December 12th will be given a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a yield of 0.76%. JPMorgan Global Emerg Mkts’s dividend payout ratio (DPR) is -12,500.00%.

Insiders Place Their Bets

In related news, insider Mark Edwards acquired 10,000 shares of the stock in a transaction dated Friday, December 13th. The shares were purchased at an average cost of GBX 133 ($1.64) per share, with a total value of £13,300 ($16,397.48). Insiders own 3.65% of the company’s stock.

About JPMorgan Global Emerg Mkts

JPMorgan Global Emerging Markets Income Investment Trust 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.