JPMorgan Indian (LON:JII) Stock Crosses Above 50 Day Moving Average - Here's Why

JPMorgan Indian (LON:JII - Get Free Report)'s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 980.90 ($12.67) and traded as high as GBX 986 ($12.74). JPMorgan Indian shares last traded at GBX 978 ($12.64), with a volume of 167,552 shares.

JPMorgan Indian Stock Performance

The company's 50 day simple moving average is GBX 980.66 and its 200-day simple moving average is GBX 1,004.21. The firm has a market capitalization of £664.53 million, a PE ratio of 5.51 and a beta of 0.57.

Insider Buying and Selling

In related news, insider Charlotta Ginman acquired 1,040 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average cost of GBX 967 ($12.50) per share, for a total transaction of £10,056.80 ($12,994.96). 1.35% of the stock is currently owned by company insiders.

JPMorgan Indian Company Profile

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.