Fidelity China Special (LON:FCSS) Sets New 52-Week Low – Here’s Why

Fidelity China Special (LON:FCSS) shares reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 244.50 and last traded at GBX 244.50, with a volume of 390795 shares. The stock had previously closed at GBX 249.

Fidelity China Special Stock Performance

The firm has a market capitalization of £1.12 billion, a PE ratio of 2.18 and a beta of 0.88. The company has a fifty day simple moving average of GBX 284.91 and a two-hundred day simple moving average of GBX 299.06.

Fidelity China Special (LON:FCSS) last announced its quarterly earnings results on Tuesday, June 9th. The company reported GBX 9.22 EPS for the quarter. The firm had revenue of GBX 3,791 million for the quarter. Fidelity China Special had a return on equity of 9.12% and a net margin of 81.41%. On average, equities analysts anticipate that Fidelity China Special will post 33.5074627 earnings per share for the current fiscal year.

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.