Fidelity Asian Values (LON:FAS) Shares Pass Below 50-Day Moving Average – Here’s Why

Fidelity Asian Values (LON:FAS) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 598.40 and traded as low as GBX 548. Fidelity Asian Values shares last traded at GBX 554, with a volume of 989,516 shares traded.

Fidelity Asian Values Price Performance

The firm has a market capitalization of £351.42 million, a PE ratio of 5.04 and a beta of 0.61. The business has a 50-day simple moving average of GBX 598.40 and a 200-day simple moving average of GBX 612.06.

Fidelity Asian Values (LON:FAS) last issued its quarterly earnings results on Monday, March 30th. The company reported GBX 9.37 earnings per share (EPS) for the quarter. The company had revenue of GBX 759 million during the quarter. Fidelity Asian Values had a return on equity of 17.85% and a net margin of 87.46%. On average, research analysts expect that Fidelity Asian Values will post 102.734375 earnings per share for the current year.

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.