JPMorgan Indian (LON:JII) Stock Price Passes Above 50 Day Moving Average - Here's What Happened

Shares of JPMorgan Indian (LON:JII - Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 957.70 ($12.71) and traded as high as GBX 958 ($12.71). JPMorgan Indian shares last traded at GBX 958 ($12.71), with a volume of 222,522 shares trading hands.

JPMorgan Indian Stock Performance

The company has a market cap of £655.13 million, a P/E ratio of 5.43 and a beta of 0.57. The business's 50-day moving average price is GBX 955.12 and its 200 day moving average price is GBX 996.74.

Insider Activity at JPMorgan Indian

In other news, insider Charlotta Ginman acquired 1,040 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were purchased at an average cost of GBX 967 ($12.83) per share, with a total value of £10,056.80 ($13,343.24). 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.