JPMorgan Indian (LON:JII) Stock Price Passes Above 50-Day Moving Average - Should You Sell?

Shares of JPMorgan Indian (LON:JII - Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 975.04 ($12.57) and traded as high as GBX 986 ($12.71). JPMorgan Indian shares last traded at GBX 979 ($12.62), with a volume of 59,594 shares trading hands.

JPMorgan Indian Price Performance

The company has a market cap of £620.97 million, a price-to-earnings ratio of 5.15 and a beta of 0.57. The business's fifty day moving average price is GBX 969.78 and its 200 day moving average price is GBX 1,002.05.

Insider Activity at JPMorgan Indian

In related news, insider Charlotta Ginman purchased 1,040 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was purchased at an average cost of GBX 967 ($12.47) per share, with a total value of £10,056.80 ($12,968.15). 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.