JPMorgan Indian (LON:JII) Stock Crosses Above 50 Day Moving Average - What's Next?

Key Points

• JPMorgan Indian shares surpassed their 50-day moving average of GBX 1,079.14, trading as high as GBX 1,082, while currently priced at GBX 1,056.
• The company reported a net margin of 74.37% and a return on equity of 15.32% in its latest quarterly earnings.
• As the largest Indian investment trust, JPMorgan Indian focuses on the long-term growth potential of the Indian market, driven by a growing middle class and young population.

JPMorgan Indian (LON:JII - Get Free Report) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 1,079.14 ($14.57) and traded as high as GBX 1,082 ($14.61). JPMorgan Indian shares last traded at GBX 1,056 ($14.26), with a volume of 96,916 shares traded.

JPMorgan Indian Price Performance

The stock's 50-day moving average is GBX 1,078.50 and its 200-day moving average is GBX 1,019.14. The stock has a market cap of £703.37 million, a price-to-earnings ratio of 5.83 and a beta of 0.57.

JPMorgan Indian (LON:JII - Get Free Report) last announced its earnings results on Thursday, June 19th. The company reported GBX (0.51) (($0.01)) earnings per share (EPS) for the quarter. JPMorgan Indian had a return on equity of 15.32% and a net margin of 74.37%.

Insiders Place Their Bets

In related news, insider Khozem Merchant purchased 5,602 shares of the business's stock in a transaction on Monday, August 11th. The shares were bought at an average price of GBX 1,063 ($14.35) per share, with a total value of £59,549.26 ($80,395.92). 1.35% of the stock is currently owned by corporate 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.