JPMorgan Global Emerg Mkts (LON:JEMI) Stock Price Passes Above 50-Day Moving Average – What’s Next?

JPMorgan Global Emerg Mkts Inc (LON:JEMIGet Free Report)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 134.75 ($1.70) and traded as high as GBX 138 ($1.74). JPMorgan Global Emerg Mkts shares last traded at GBX 137.50 ($1.74), with a volume of 642,838 shares changing hands.

JPMorgan Global Emerg Mkts Stock Up 0.0 %

The company has a market cap of £382.73 million and a PE ratio of 15.56. The company’s fifty day moving average is GBX 134.75 and its 200-day moving average is GBX 133.78.

JPMorgan Global Emerg Mkts Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 24th. Stockholders of record on Thursday, December 12th were paid a GBX 1 ($0.01) dividend. The ex-dividend date was Thursday, December 12th. This represents a dividend yield of 0.76%. JPMorgan Global Emerg Mkts’s dividend payout ratio (DPR) is currently 56.58%.

Insider Activity at JPMorgan Global Emerg Mkts

In other JPMorgan Global Emerg Mkts news, insider Mark Edwards bought 10,000 shares of JPMorgan Global Emerg Mkts stock in a transaction on Friday, December 13th. The stock was acquired at an average cost of GBX 133 ($1.68) per share, with a total value of £13,300 ($16,784.45). 3.65% of the stock is owned by company insiders.

About JPMorgan Global Emerg Mkts

(Get Free Report)

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.

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