JPMorgan Indian (LON:JII) Hits New 52-Week Low – Here’s Why

Shares of JPMorgan Indian (LON:JII) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 883.01 ($11.38) and last traded at GBX 896.98 ($11.56), with a volume of 21991 shares trading hands. The stock had previously closed at GBX 927 ($11.95).

JPMorgan Indian Trading Down 5.1 %

The firm has a market capitalization of £589.49 million, a PE ratio of 4.89 and a beta of 0.57. The firm has a 50 day simple moving average of GBX 969.78 and a 200 day simple moving average of GBX 1,002.05.

Insider Buying and Selling at JPMorgan Indian

In other news, insider Charlotta Ginman acquired 1,040 shares of JPMorgan Indian stock in a transaction that occurred on Tuesday, February 18th. The stock was bought at an average price of GBX 967 ($12.46) per share, for a total transaction of £10,056.80 ($12,963.13). Company insiders own 1.35% of the company’s stock.

About JPMorgan Indian

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.