JPMorgan Global Emerg Mkts (LON:JEMI) Stock Crosses Above 50-Day Moving Average – Should You Sell?

JPMorgan Global Emerg Mkts Inc (LON:JEMI) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 133.58 ($1.67) and traded as high as GBX 135.18 ($1.69). JPMorgan Global Emerg Mkts shares last traded at GBX 134.50 ($1.68), with a volume of 314,766 shares changing hands.

JPMorgan Global Emerg Mkts Stock Down 0.7 %

The company has a market capitalization of £395.10 million and a price-to-earnings ratio of -3,338.13. The firm has a 50 day moving average price of GBX 133.58 and a two-hundred day moving average price of GBX 133.61.

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

JPMorgan Global Emerg Mkts Cuts Dividend

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

Insider Buying and Selling

In related news, insider Mark Edwards purchased 10,000 shares of JPMorgan Global Emerg Mkts stock in a transaction on Friday, December 13th. The stock was bought at an average price of GBX 133 ($1.66) per share, with a total value of £13,300 ($16,600.10). 3.65% of the stock is currently owned by company insiders.

JPMorgan Global Emerg Mkts Company Profile

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.