Fidelity Emerging Markets (LON:FEML) Hits New 12-Month High – Time to Buy?

Fidelity Emerging Markets (LON:FEMLGet Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as GBX 1,034 and last traded at GBX 1,002, with a volume of 451155 shares. The stock had previously closed at GBX 1,008.

Fidelity Emerging Markets Stock Down 0.6%

The firm has a market cap of £457.19 million, a price-to-earnings ratio of 5.48 and a beta of 0.64. The company’s fifty day moving average is GBX 970.82 and its 200 day moving average is GBX 887.63.

Insider Activity

In related news, insider Mark Little acquired 508 shares of the business’s stock in a transaction dated Thursday, October 9th. The stock was bought at an average price of GBX 983 per share, with a total value of £4,993.64. 0.10% of the stock is currently owned by corporate insiders.

About Fidelity Emerging Markets

(Get Free Report)

Fidelity Emerging Markets Limited (FEML) draws on Fidelity’s resources across the globe to build a carefully curated portfolio of companies with a strong growth runway. High-quality emerging market companies should deliver strong and sustainable investment returns over the long term but keeping an eye on potential risks is vital.

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