JPMorgan Indian (LON:JII) Share Price Passes Above 50-Day Moving Average – Should You Sell?

JPMorgan Indian (LON:JII) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 975.04 ($12.60) and traded as high as GBX 986 ($12.74). JPMorgan Indian shares last traded at GBX 979 ($12.65), with a volume of 59,594 shares changing hands.

JPMorgan Indian Price Performance

The company has a market cap of £655.80 million, a PE ratio of 5.44 and a beta of 0.57. The stock has a fifty day moving average price of GBX 975.04 and a 200-day moving average price of GBX 1,003.36.

Insider Buying and Selling

In related news, insider Charlotta Ginman bought 1,040 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was bought at an average price of GBX 967 ($12.49) per share, with a total value of £10,056.80 ($12,993.28). Company insiders own 1.35% of the company’s stock.

JPMorgan Indian Company Profile

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.