Fidelity European Trust (LON:FEV) Releases Quarterly Earnings Results

Fidelity European Trust (LON:FEV) released its quarterly earnings results on Tuesday. The company reported GBX 9.17 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Fidelity European Trust had a net margin of 91.36% and a return on equity of 11.35%.

Fidelity European Trust Price Performance

FEV stock traded down GBX 2.36 during midday trading on Thursday, hitting GBX 424.14. The stock had a trading volume of 944,026 shares, compared to its average volume of 1,074,365. The business has a 50-day moving average of GBX 432.28 and a two-hundred day moving average of GBX 418.01. The firm has a market cap of £2.08 billion, a price-to-earnings ratio of 6.75 and a beta of 1.18. Fidelity European Trust has a 52-week low of GBX 329.50 and a 52-week high of GBX 447.50.

Fidelity European Trust Company Profile

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.