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

Shares of JPMorgan Indian (LON:JII - Get Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 954.40 ($12.82) and traded as high as GBX 993 ($13.34). JPMorgan Indian shares last traded at GBX 991 ($13.31), with a volume of 44,593 shares changing hands.

JPMorgan Indian Trading Up 1.0 %

The firm has a market capitalization of £669.87 million, a price-to-earnings ratio of 5.55 and a beta of 0.57. The company has a 50-day moving average of GBX 956.50 and a 200-day moving average of GBX 995.21.

Insider Transactions at JPMorgan Indian

In other news, insider Charlotta Ginman bought 1,040 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were purchased at an average cost of GBX 967 ($12.99) per share, with a total value of £10,056.80 ($13,511.76). Company insiders own 1.35% of the company's stock.

About JPMorgan Indian

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.