JPMorgan Emerging Markets (LON:JMG) Stock Price Crosses Above Fifty Day Moving Average - Here's What Happened

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.

Shares of JPMorgan Emerging Markets (LON:JMG - ) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 119.89 ($1.63) and traded as high as GBX 124.60 ($1.69). JPMorgan Emerging Markets shares last traded at GBX 124.60 ($1.69), with a volume of 2,718,397 shares.

JPMorgan Emerging Markets Stock Up 0.6%

The firm has a 50-day moving average of GBX 119.89 and a 200 day moving average of GBX 111.79. The stock has a market capitalization of £1.25 billion, a P/E ratio of 1,787.59 and a beta of 0.62.

JPMorgan Emerging Markets Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.