Fidelity China Special (LON:FCSS – Get Free Report) reached a new 52-week low on Tuesday. The company traded as low as GBX 228.50 and last traded at GBX 232, with a volume of 555,984 shares trading hands. The stock had previously closed at GBX 232.50.
Fidelity China Special Trading Down 0.1%
The firm has a market cap of £1.05 billion, a price-to-earnings ratio of 7.81 and a beta of 0.90. The company has a fifty day moving average price of GBX 252.55 and a 200-day moving average price of GBX 267.36.
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.
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