JPMorgan Global Emerg Mkts (LON:JEMI) Stock Passes Below 50-Day Moving Average – Here’s Why

JPMorgan Global Emerg Mkts Inc (LON:JEMI)’s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 134.86 ($1.74) and traded as low as GBX 127 ($1.64). JPMorgan Global Emerg Mkts shares last traded at GBX 132.50 ($1.71), with a volume of 469,430 shares trading hands.

JPMorgan Global Emerg Mkts Stock Up 0.4 %

The business’s fifty day moving average price is GBX 134.86 and its 200 day moving average price is GBX 133.99. The firm has a market capitalization of £368.68 million and a PE ratio of 14.99.

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.