JPMorgan Indian (LON:JII) Shares Cross Above Fifty Day Moving Average – Time to Sell?

JPMorgan Indian (LON:JII)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 1,012 and traded as high as GBX 1,020. JPMorgan Indian shares last traded at GBX 1,012, with a volume of 40,209 shares changing hands.

JPMorgan Indian Stock Up 0.2%

The company has a market capitalization of £461.80 million, a price-to-earnings ratio of 5,295.66 and a beta of 0.57. The company has a debt-to-equity ratio of 0.07, a quick ratio of 20.79 and a current ratio of 3.25. The business’s 50 day moving average is GBX 1,012 and its 200 day moving average is GBX 1,013.90.

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.