Fidelity Asian Values (LON:FAS) Share Price Passes Above Fifty Day Moving Average – Time to Sell?

Fidelity Asian Values (LON:FAS) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 601.04 and traded as high as GBX 616. Fidelity Asian Values shares last traded at GBX 608, with a volume of 36,710 shares traded.

Fidelity Asian Values Price Performance

The company has a market capitalization of £388.57 million, a price-to-earnings ratio of 9.67 and a beta of 0.56. The stock has a 50-day moving average price of GBX 601.04 and a 200-day moving average price of GBX 584.88.

Fidelity Asian Values (LON:FAS) last posted 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 return on equity of 3.04% and a net margin of 50.86%. Equities analysts forecast 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.