JPMorgan Global Emerg Mkts (LON:JEMI) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

JPMorgan Global Emerg Mkts Inc (LON:JEMI) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 133.17 ($1.63) and traded as low as GBX 132.50 ($1.62). JPMorgan Global Emerg Mkts shares last traded at GBX 134.50 ($1.64), with a volume of 525,035 shares traded.

JPMorgan Global Emerg Mkts Price Performance

The firm has a market capitalization of £397.99 million and a P/E ratio of -3,362.50. The firm’s 50 day moving average is GBX 133.17 and its two-hundred day moving average is GBX 133.86.

JPMorgan Global Emerg Mkts Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 24th. Stockholders of record on Thursday, December 12th will be given a GBX 1 ($0.01) dividend. This represents a dividend yield of 0.76%. The ex-dividend date is Thursday, December 12th. JPMorgan Global Emerg Mkts’s dividend payout ratio (DPR) is presently -12,500.00%.

Insider Activity

In related news, insider Mark Edwards acquired 10,000 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were purchased at an average cost of GBX 133 ($1.62) per share, for a total transaction of £13,300 ($16,239.32). 3.65% of the stock is owned by insiders.

About JPMorgan Global Emerg Mkts

JPMorgan Global Emerging Markets Income 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 emerging market countries across the globe. It seeks to invest in stocks of companies operating across diversified sectors.