JPMorgan Emerging Markets (LON:JMG) Share Price Passes Above Fifty Day Moving Average - Here's Why

Key Points

• Shares of JPMorgan Emerging Markets (LON:JMG) have crossed above their 50-day moving average, indicating positive momentum, with the stock last trading at GBX 124.60 ($1.69).
• The company has a market capitalization of £1.25 billion and a high P/E ratio of 1,787.59, suggesting its shares may be significantly overvalued.
• JPMorgan aims to maximize total returns by investing in a diversified portfolio of high-quality emerging market companies for sustainable long-term growth.

JPMorgan Emerging Markets (LON:JMG - Get Free Report)'s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 119.89 ($1.64) and traded as high as GBX 124.60 ($1.70). JPMorgan Emerging Markets shares last traded at GBX 124.60 ($1.70), with a volume of 2,718,397 shares trading hands.

JPMorgan Emerging Markets Stock Up 1.0%

The company has a market cap of £1.27 billion, a P/E ratio of 1,814.55 and a beta of 0.62. The stock's 50-day moving average price is GBX 120.41 and its 200 day moving average price is GBX 112.12.

About JPMorgan Emerging Markets

Gain access to the attractive long-term growth potential of emerging markets - Focus on quality, sustainable growth across the market cap spectrum We aim to maximise total returns by building a diversified portfolio of high quality emerging market companies, both large and small caps, with the potential to deliver sustainable long term growth.