JPMorgan Global Emerg Mkts (LON:JEMI) Share Price Passes Above 50 Day Moving Average - Time to Sell?

Key Points

• JPMorgan Global Emerging Markets Income Trust's shares crossed above their 50-day moving average of GBX 149.94, reaching a trading high of GBX 152 ($2.06).
• The company has a market capitalization of £409.05 million and a high P/E ratio of 745.73, indicating a premium valuation.
• This trust aims for a dividend yield above the average for emerging market companies while providing access to sustainable growth and stable investments.

JPMorgan Global Emerg Mkts Inc (LON:JEMI - 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 149.94 ($2.03) and traded as high as GBX 152 ($2.06). JPMorgan Global Emerg Mkts shares last traded at GBX 152 ($2.06), with a volume of 1,126,263 shares.

JPMorgan Global Emerg Mkts Stock Up 0.3%

The firm has a market capitalization of £413.14 million and a PE ratio of 753.19. The company's 50-day simple moving average is GBX 150.56 and its 200 day simple moving average is GBX 141.03.

JPMorgan Global Emerg Mkts Company Profile

JPMorgan Global Emerging Markets Income Investment Trust plc provides a diversified income-oriented way to tap into the growth potential of global emerging markets. Key points: Expertise - Extensive network of country and sector specialists from one of the longest established emerging market teams in the industry. Portfolio - Focused on finding sustainable businesses that have good dividend growth prospects. Results - Provides a lower risk way to access emerging markets, by investing in stable companies with regular income and good governance structures. Why invest in this trust The trust primarily seeks a dividend yield which is higher than the average emerging market company but also growth companies in this exciting equity sector.