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

Key Points

• JPMorgan Indian's stock price has surpassed its 50-day moving average, trading at GBX 1,106 ($14.61) with a volume of 119,497 shares.
• The company reported a quarterly earnings per share (EPS) of GBX (0.51) (($0.01)), with a net margin of 74.37% and a return on equity of 15.32%.
• JPMorgan Indian Investment Trust 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) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 1,078.26 ($14.33) and traded as high as GBX 1,106 ($14.70). JPMorgan Indian shares last traded at GBX 1,106 ($14.70), with a volume of 119,497 shares trading hands.

JPMorgan Indian Stock Up 1.5%

The stock has a market capitalization of £727.48 million, a price-to-earnings ratio of 6.03 and a beta of 0.57. The stock has a fifty day moving average of GBX 1,078.94 and a 200-day moving average of GBX 1,017.20.

JPMorgan Indian (LON:JII - Get Free Report) last released its quarterly 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%.

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.