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

Shares of JPMorgan Global Emerg Mkts Inc (LON:JEMI) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 132.62 ($1.75) and traded as low as GBX 124.50 ($1.64). JPMorgan Global Emerg Mkts shares last traded at GBX 127 ($1.67), with a volume of 403,490 shares.

JPMorgan Global Emerg Mkts Price Performance

The company’s 50-day moving average is GBX 132.48 and its 200-day moving average is GBX 133.57. The firm has a market capitalization of £356.16 million and a price-to-earnings ratio of 14.48.

JPMorgan Global Emerg Mkts (LON:JEMI) last released its quarterly earnings data on Friday, April 4th. The company reported GBX 1.48 ($0.02) EPS 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.