JPMorgan Indian (LON:JII) Shares Pass Below Fifty Day Moving Average - Time to Sell?

Key Points

• JPMorgan Indian shares have dropped below their 50-day moving average, indicating potential concerns among investors, with the stock recently trading at GBX 1,012 ($13.59).
• Insider Khozem Merchant has purchased 5,602 shares at an average price of GBX 1,063, demonstrating insider confidence in the stock amidst its recent decline.
• The fund is known for providing expertly managed exposure to the long-term growth potential of the Indian market, targeting a population driven by economic growth.

Shares of JPMorgan Indian (LON:JII - ) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 1,046.28 ($14.05) and traded as low as GBX 1,004 ($13.48). JPMorgan Indian shares last traded at GBX 1,012 ($13.59), with a volume of 40,209 shares trading hands.

JPMorgan Indian Trading Up 0.2%

The stock has a market capitalization of £461.80 million, a price-to-earnings ratio of 5,295.66 and a beta of 0.57. The stock has a fifty day moving average of GBX 1,046.28 and a two-hundred day moving average of GBX 1,038.69.

Insiders Place Their Bets

In related news, insider Khozem Merchant acquired 5,602 shares of the stock in a transaction on Monday, August 11th. The stock was purchased at an average price of GBX 1,063 per share, for a total transaction of £59,549.26. Insiders own 0.72% of the company's stock.

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.

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