JPMorgan Emerging Markets (LON:JMG) Share Price Crosses Above 50 Day Moving Average – Time to Sell?

JPMorgan Emerging Markets (LON:JMG) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 108.37 ($1.41) and traded as high as GBX 110 ($1.43). JPMorgan Emerging Markets shares last traded at GBX 110 ($1.43), with a volume of 2,225,619 shares traded.

JPMorgan Emerging Markets Price Performance

The firm has a market capitalization of £1.21 billion, a P/E ratio of 5,500.00 and a beta of 0.62. The stock’s 50-day simple moving average is GBX 108.37 and its two-hundred day simple moving average is GBX 107.

JPMorgan Emerging Markets Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 10th will be given a GBX 1.30 ($0.02) dividend. This is a positive change from JPMorgan Emerging Markets’s previous dividend of $0.60. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, October 10th. JPMorgan Emerging Markets’s dividend payout ratio is presently 10,000.00%.

JPMorgan Emerging Markets Company Profile

JPMorgan Emerging Markets Investment Trust plc is a closed ended equity mutual fund launched and managed by JPMorgan Funds Limited. The fund is co-managed by JPMorgan Asset Management (UK) Limited. It invests in public equity markets across global emerging markets. The fund seeks to invest in stocks of companies operating across diversified sectors.