JPMorgan Global Emerg Mkts (LON:JEMI) Stock Price Passes Above Fifty Day Moving Average – Here’s What Happened

JPMorgan Global Emerg Mkts Inc (LON:JEMI)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 133.23 ($1.66) and traded as high as GBX 134.50 ($1.67). JPMorgan Global Emerg Mkts shares last traded at GBX 134 ($1.66), with a volume of 205,421 shares traded.

JPMorgan Global Emerg Mkts Stock Down 1.1 %

The firm’s 50-day simple moving average is GBX 133.19 and its 200-day simple moving average is GBX 133.77. The firm has a market capitalization of £392.07 million and a PE ratio of -3,312.50.

JPMorgan Global Emerg Mkts Cuts Dividend

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

Insider Buying and Selling at JPMorgan Global Emerg Mkts

In other JPMorgan Global Emerg Mkts news, insider Mark Edwards bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average price of GBX 133 ($1.65) per share, for a total transaction of £13,300 ($16,521.74). Corporate insiders own 3.65% of the company’s stock.

JPMorgan Global Emerg Mkts Company Profile

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.