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

Shares of JPMorgan Global Emerg Mkts Inc (LON:JEMI) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 172.68 and traded as high as GBX 185.50. JPMorgan Global Emerg Mkts shares last traded at GBX 185, with a volume of 753,898 shares trading hands.

JPMorgan Global Emerg Mkts Stock Performance

The stock has a market cap of £486.31 million and a PE ratio of 9.68. The stock has a fifty day moving average price of GBX 172.68 and a 200 day moving average price of GBX 162.63.

JPMorgan Global Emerg Mkts (LON:JEMI) last released its quarterly earnings results on Friday, November 7th. The company reported GBX 5.69 earnings per share for the quarter. JPMorgan Global Emerg Mkts had a return on equity of 5.95% and a net margin of 72.95%.

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.