Fidelity Asian Values (LON:FAS) Hits New 1-Year High – Time to Buy?

Fidelity Asian Values (LON:FAS) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 642 and last traded at GBX 638, with a volume of 93880 shares. The stock had previously closed at GBX 632.

Fidelity Asian Values Price Performance

The stock’s fifty day moving average is GBX 606.43 and its 200-day moving average is GBX 593.47. The stock has a market cap of £406.92 million, a PE ratio of 10.15 and a beta of 0.56.

Fidelity Asian Values Company Profile

Fidelity Asian Values PLC provides shareholders with a differentiated equity exposure to Asian Markets. Asia is the world’s fastest-growing economic region and the trust looks to capitalise on this by finding good businesses, run by good people and buying them at a good price.

The Trust favours smaller companies as this gives it the opportunity to find mispriced businesses, the “winners of tomorrow”, before they become well known.

With more than 18,000 listed companies in Asia – which is more than the rest of the world put together – there is a huge opportunity for a fundamental research driven stock picker who can fully utilise Fidelity’s extensive locally based analyst team.