JPMorgan Global Emerg Mkts (LON:JEMI) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

JPMorgan Global Emerg Mkts Inc (LON:JEMI)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 133.92 ($1.75) and traded as low as GBX 133.50 ($1.74). JPMorgan Global Emerg Mkts shares last traded at GBX 136.50 ($1.78), with a volume of 318,634 shares trading hands.

JPMorgan Global Emerg Mkts Price Performance

The company’s 50-day moving average price is GBX 133.35 and its two-hundred day moving average price is GBX 133.96. The company has a market capitalization of £399.47 million and a P/E ratio of -3,412.50.

JPMorgan Global Emerg Mkts Increases Dividend

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

Insider Transactions at JPMorgan Global Emerg Mkts

In other news, insider Lucy Macdonald bought 15,000 shares of the stock in a transaction dated Monday, August 5th. The shares were bought at an average price of GBX 126 ($1.65) per share, for a total transaction of £18,900 ($24,680.07). 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.