Fidelity European Trust (LON:FEV – Get Free Report) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 421.77 and traded as low as GBX 419.40. Fidelity European Trust shares last traded at GBX 421, with a volume of 1,327,838 shares changing hands.
Fidelity European Trust Stock Performance
The company’s fifty day simple moving average is GBX 422.21 and its two-hundred day simple moving average is GBX 416.70. The company has a debt-to-equity ratio of 1.38, a quick ratio of 5.81 and a current ratio of 37.14. The stock has a market capitalization of £2.09 billion, a P/E ratio of 6.74 and a beta of 1.21.
About Fidelity European Trust
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.
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