Fidelity Asian Values (LON:FAS) Posts Earnings Results

Fidelity Asian Values (LON:FAS) announced its quarterly earnings results on Friday. The company reported GBX 25.18 earnings per share for the quarter, Digital Look Earnings reports. Fidelity Asian Values had a net margin of 87.46% and a return on equity of 17.85%.

Fidelity Asian Values Price Performance

LON FAS traded down GBX 18 during trading hours on Friday, hitting GBX 584. The company had a trading volume of 89,427 shares, compared to its average volume of 84,010. The firm’s 50 day moving average is GBX 617.36 and its 200 day moving average is GBX 604.52. Fidelity Asian Values has a fifty-two week low of GBX 546.06 and a fifty-two week high of GBX 672. The company has a market capitalization of £366.12 million, a price-to-earnings ratio of 5.31 and a beta of 0.62.

About Fidelity Asian Values

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.