JPMorgan Indian (LON:JII) Stock Passes Below Fifty Day Moving Average - Here's Why

Key Points

• JPMorgan Indian (LON:JII) stock has fallen below its 50-day moving average of GBX 1,053.64, trading as low as GBX 1,000 on Monday.
• Insider Khozem Merchant purchased 5,602 shares at an average price of GBX 1,063, indicating insider confidence despite current stock performance.
• The market cap for JPMorgan Indian is £456.79 million, with a remarkably high price-to-earnings ratio of 5,238.30, highlighting potential valuation concerns.

JPMorgan Indian (LON:JII - ) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 1,053.64 ($14.15) and traded as low as GBX 1,000 ($13.43). JPMorgan Indian shares last traded at GBX 1,012 ($13.59), with a volume of 95,397 shares.

JPMorgan Indian Trading Down 1.1%

The company has a fifty day simple moving average of GBX 1,053.64 and a 200-day simple moving average of GBX 1,037.14. The stock has a market cap of £456.79 million, a price-to-earnings ratio of 5,238.30 and a beta of 0.57.

Insiders Place Their Bets

In other JPMorgan Indian news, insider Khozem Merchant bought 5,602 shares of the stock in a transaction on Monday, August 11th. The shares were bought at an average price of GBX 1,063 per share, with a total value of £59,549.26. 0.72% of the stock is currently owned by company insiders.

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.

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