JPMorgan Global Emerg Mkts (LON:JEMI) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

Shares of JPMorgan Global Emerg Mkts Inc (LON:JEMI) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 134.86 ($1.75) and traded as low as GBX 127 ($1.65). JPMorgan Global Emerg Mkts shares last traded at GBX 132.50 ($1.72), with a volume of 469,430 shares traded.

JPMorgan Global Emerg Mkts Price Performance

The company’s 50 day simple moving average is GBX 134.83 and its two-hundred day simple moving average is GBX 134.01. The company has a market cap of £370.07 million and a PE ratio of 15.05.

About JPMorgan Global Emerg Mkts

JPMorgan Global Emerging Markets Income Investment Trust plc provides a diversified income-oriented way to tap into the growth potential of global emerging markets.

Key points:

Expertise – Extensive network of country and sector specialists from one of the longest established emerging market teams in the industry.
Portfolio – Focused on finding sustainable businesses that have good dividend growth prospects.
Results – Provides a lower risk way to access emerging markets, by investing in stable companies with regular income and good governance structures.

Why invest in this trust

The trust primarily seeks a dividend yield which is higher than the average emerging market company but also growth companies in this exciting equity sector.