Shares of JPMorgan Indian (LON:JII – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 942 ($11.64) and last traded at GBX 938 ($11.59), with a volume of 72214 shares traded. The stock had previously closed at GBX 940 ($11.61).
JPMorgan Indian Price Performance
The company’s 50-day simple moving average is GBX 916.44 and its 200-day simple moving average is GBX 899.74. The company has a debt-to-equity ratio of 3.08, a current ratio of 22.36 and a quick ratio of 20.79. The stock has a market capitalization of £671.77 million, a price-to-earnings ratio of 23,425.00 and a beta of 0.58.
Insiders Place Their Bets
In related news, insider Jeremy Whitley acquired 5,000 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was purchased at an average cost of GBX 933 ($11.52) per share, for a total transaction of £46,650 ($57,621.05). Company insiders own 0.90% of the company’s stock.
About JPMorgan Indian
JPMorgan Indian Investment Trust plc is a closed-ended equity mutual fund launched and managed by JPMorgan Funds Limited. It is co-managed by JPMorgan Asset Management (UK) Limited. The fund invests in the public equity markets of India. It seeks to invest in stocks of companies operating across diversified sectors.
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