JPMorgan Global Emerg Mkts (LON:JEMI) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

by · The Cerbat Gem

Shares of JPMorgan Global Emerg Mkts Inc (LON:JEMI – Get Free Report) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 132.71 ($1.74) and traded as high as GBX 138.95 ($1.82). JPMorgan Global Emerg Mkts shares last traded at GBX 137.50 ($1.80), with a volume of 384,430 shares traded.

JPMorgan Global Emerg Mkts Stock Up 0.7 %

The stock has a market cap of £405.38 million and a price-to-earnings ratio of -3,425.00. The firm’s 50 day moving average is GBX 132.78 and its two-hundred day moving average is GBX 133.82.

JPMorgan Global Emerg Mkts Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 12th will be issued a dividend of GBX 2.40 ($0.03) per share. This represents a yield of 1.83%. This is a boost from JPMorgan Global Emerg Mkts’s previous dividend of $1.00. The ex-dividend date of this dividend is Thursday, September 12th. JPMorgan Global Emerg Mkts’s dividend payout ratio (DPR) is presently -12,500.00%.

Insider Buying and Selling

In other JPMorgan Global Emerg Mkts news, insider Lucy Macdonald purchased 15,000 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were acquired at an average price of GBX 126 ($1.65) per share, for a total transaction of £18,900 ($24,734.98). Company insiders own 3.65% of the company’s stock.

About JPMorgan Global Emerg Mkts

(Get Free Report)

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.

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