JPMorgan Indian (LON:JII) Stock Passes Above Fifty Day Moving Average – Should You Sell?

Shares of JPMorgan Indian (LON:JII) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 1,030.59 ($12.71) and traded as high as GBX 1,060 ($13.07). JPMorgan Indian shares last traded at GBX 1,042 ($12.85), with a volume of 70,763 shares.

JPMorgan Indian Stock Performance

The firm has a 50-day simple moving average of GBX 1,030.59 and a two-hundred day simple moving average of GBX 1,019.09. The company has a current ratio of 42.02, a quick ratio of 20.79 and a debt-to-equity ratio of 3.08. The company has a market capitalization of £715.85 million, a price-to-earnings ratio of 676.62 and a beta of 0.57.

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.