Fidelity Asian Values (LON:FAS) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Fidelity Asian Values (LON:FAS) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 598.97 and traded as high as GBX 608. Fidelity Asian Values shares last traded at GBX 604, with a volume of 31,663 shares.

Fidelity Asian Values Trading Up 0.7%

The company’s fifty day simple moving average is GBX 598.97 and its 200 day simple moving average is GBX 564.32. The stock has a market capitalization of £387.13 million, a P/E ratio of 9.61 and a beta of 0.56.

Fidelity Asian Values (LON:FAS) last released its quarterly earnings results on Friday, October 17th. The company reported GBX 22.51 earnings per share for the quarter. Fidelity Asian Values had a net margin of 50.86% and a return on equity of 3.04%. Equities research analysts predict that Fidelity Asian Values will post 102.734375 earnings per share for the current year.

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.