Shares of Fidelity China Special (LON:FCSS – Get Free Report) crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of GBX 258.65 and traded as low as GBX 254. Fidelity China Special shares last traded at GBX 257, with a volume of 1,148,951 shares traded.
Fidelity China Special Stock Down 0.6%
The firm has a market cap of £1.15 billion, a P/E ratio of 8.52 and a beta of 0.92. The business’s 50 day moving average is GBX 258.41 and its 200-day moving average is GBX 272.92.
Insiders Place Their Bets
In other news, insider Mike Balfour acquired 30,000 shares of the business’s stock in a transaction on Tuesday, July 14th. The shares were purchased at an average price of GBX 258 per share, for a total transaction of £77,400. 0.10% of the stock is currently owned by corporate insiders.
Fidelity China Special Company Profile
As the world’s second-largest economy, China is shifting from export-led growth towards an economy driven by domestic consumption. With expanding middle classes, rising incomes and technological innovations driving this change and creating a solid backdrop for companies to thrive, investors seeking an effective globally diversified portfolio may want to consider allocating some of their portfolio to China.
Fidelity China Special Situations PLC provides focused exposure to companies benefiting from this growth opportunity.
Further Reading
- Five stocks we like better than Fidelity China Special
- Hims & Hers Slides Nearly 7% as Legal Pressure Adds to Its Growing List of Risks
- Paychex Plunges, Providing the Entry Investors Have Been Waiting For
- The Case for Buying High-Yield General Mills Just Strengthened
- SanDisk’s $1,800 Breakout Turns Memory Hardware Into a Profit Story
Receive News & Ratings for Fidelity China Special Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity China Special and related companies with MarketBeat.com's FREE daily email newsletter.
