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

Shares of JPMorgan Indian (LON:JII - Get Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 1,066.56 ($14.32) and traded as high as GBX 1,086 ($14.58). JPMorgan Indian shares last traded at GBX 1,080 ($14.50), with a volume of 36,765 shares trading hands.

JPMorgan Indian Price Performance

The firm has a fifty day moving average of GBX 1,072.14 and a two-hundred day moving average of GBX 1,014.07. The stock has a market capitalization of £730.98 million, a P/E ratio of 6.06 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)) EPS for the quarter. JPMorgan Indian had a return on equity of 15.32% and a net margin of 74.37%.

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.