JPMorgan Indian (LON:JII) Hits New 52-Week High - Should You Buy?

JPMorgan Indian (LON:JII - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 1,068 ($13.27) and last traded at GBX 1,063.84 ($13.22), with a volume of 22285 shares traded. The stock had previously closed at GBX 1,062 ($13.19).

JPMorgan Indian Stock Performance

The company has a market cap of £735.09 million, a price-to-earnings ratio of 694.81 and a beta of 0.57. The company has a debt-to-equity ratio of 3.08, a current ratio of 42.02 and a quick ratio of 20.79. The stock has a 50-day moving average price of GBX 1,021.61 and a 200 day moving average price of GBX 1,015.27.

Insider Buying and Selling

In other JPMorgan Indian news, insider Jeremy Whitley acquired 5,000 shares of the stock in a transaction dated Tuesday, October 22nd. The shares were bought at an average cost of GBX 985 ($12.24) per share, for a total transaction of £49,250 ($61,180.12). 1.35% of the stock is currently owned by company insiders.

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.