Fidelity Asian Values (LON:FAS) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Fidelity Asian Values (LON:FAS)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 581.50 and traded as high as GBX 612. Fidelity Asian Values shares last traded at GBX 612, with a volume of 73,068 shares traded.

Fidelity Asian Values Stock Performance

The company’s fifty day simple moving average is GBX 581.50 and its two-hundred day simple moving average is GBX 609.01. The stock has a market capitalization of £384.56 million, a PE ratio of 5.56 and a beta of 0.62.

Fidelity Asian Values Company Profile

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.