JPMorgan Indian (LON:JII) Shares Cross Above 50-Day Moving Average – Here’s What Happened

JPMorgan Indian (LON:JII)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 1,012 and traded as high as GBX 1,020. JPMorgan Indian shares last traded at GBX 1,012, with a volume of 40,209 shares changing hands.

JPMorgan Indian Price Performance

The company has a market capitalization of £461.80 million, a P/E ratio of 5,295.66 and a beta of 0.57. The business’s fifty day moving average price is GBX 1,012 and its 200-day moving average price is GBX 1,015.16. The company has a current ratio of 3.25, a quick ratio of 20.79 and a debt-to-equity ratio of 0.07.

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.