JPMorgan Indian (LON:JII) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

JPMorgan Indian (LON:JII)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 1,030.59 ($12.69) and traded as high as GBX 1,060 ($13.05). JPMorgan Indian shares last traded at GBX 1,042 ($12.83), with a volume of 70,763 shares.

JPMorgan Indian Price Performance

The company has a debt-to-equity ratio of 3.08, a quick ratio of 20.79 and a current ratio of 42.02. The business’s fifty day simple moving average is GBX 1,031.23 and its 200 day simple moving average is GBX 1,019.17. The stock has a market cap of £699.37 million, a price-to-earnings ratio of 661.04 and a beta of 0.57.

JPMorgan Indian (LON:JII) last released its quarterly earnings results on Friday, December 13th. The company reported GBX 3.35 ($0.04) EPS for the quarter. JPMorgan Indian had a return on equity of 15.06% and a net margin of 80.12%.

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.