Fidelity Asian Values (LON:FAS) Sets New 52-Week High – What’s Next?

Fidelity Asian Values (LON:FAS) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 628 and last traded at GBX 628, with a volume of 57362 shares trading hands. The stock had previously closed at GBX 620.

Fidelity Asian Values Trading Up 1.3%

The stock has a 50-day simple moving average of GBX 603.63 and a two-hundred day simple moving average of GBX 590.23. The firm has a market capitalization of £401.35 million, a P/E ratio of 9.99 and a beta of 0.56.

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.