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

JPMorgan Indian (LON:JII - Get Free Report)'s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 1,030.59 ($12.71) and traded as high as GBX 1,060 ($13.07). JPMorgan Indian shares last traded at GBX 1,042 ($12.85), with a volume of 70,763 shares.

JPMorgan Indian Trading Down 1.7 %

The company has a market cap of £703.49 million, a price-to-earnings ratio of 664.94 and a beta of 0.57. The business has a fifty day simple moving average of GBX 1,030.59 and a 200 day simple moving average of GBX 1,019.09. The company has a quick ratio of 20.79, a current ratio of 42.02 and a debt-to-equity ratio of 3.08.

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.