Fidelity China Special (LON:FCSS) Stock Price Passes Below 50 Day Moving Average – Here’s Why

Fidelity China Special (LON:FCSS) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 279.03 and traded as low as GBX 247.38. Fidelity China Special shares last traded at GBX 251.50, with a volume of 1,057,843 shares changing hands.

Fidelity China Special Price Performance

The company has a market cap of £1.15 billion, a P/E ratio of 2.23 and a beta of 0.88. The company’s 50-day moving average price is GBX 279.03 and its 200-day moving average price is GBX 296.54.

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