Fidelity Asian Values (LON:FAS) Announces Quarterly Earnings Results

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

Fidelity Asian Values Stock Down 3.0%

Shares of FAS stock traded down GBX 18 during trading hours on Friday, hitting GBX 584. 81,536 shares of the company’s stock traded hands, compared to its average volume of 83,971. Fidelity Asian Values has a 12-month low of GBX 546.06 and a 12-month high of GBX 672. The stock’s fifty day simple moving average is GBX 617.36 and its two-hundred day simple moving average is GBX 604.52. The stock has a market cap 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.