Fidelity European Trust (LON:FEV) Posts Earnings Results

Fidelity European Trust (LON:FEV) released its quarterly earnings results on Wednesday. The company reported GBX 11.30 earnings per share for the quarter, Digital Look Earnings reports. Fidelity European Trust had a net margin of 93.61% and a return on equity of 13.99%.

Fidelity European Trust Stock Up 0.4%

Fidelity European Trust stock opened at GBX 390.60 on Friday. Fidelity European Trust has a 52 week low of GBX 326 and a 52 week high of GBX 442. The company’s 50 day moving average price is GBX 424.32 and its two-hundred day moving average price is GBX 419.64. The stock has a market cap of £2.00 billion, a P/E ratio of 41.16 and a beta of 1.14.

About Fidelity European Trust

Fidelity European Trust PLC aims to be the cornerstone long-term investment of choice for those seeking European exposure across market cycles.

The Trust invests predominantly in continental European equities (and their related securities) and up to 20% of gross assets may be invested in companies outside of the continent. It follows a consistent bottom-up approach, seeking to identify companies able to grow dividends over a three to five-year horizon.

Viewed as a whole, the European Union is the world’s second largest economy and home to some of the strongest, most stable and resilient companies.