Fidelity Emerging Markets (LON:FEML) Sets New 52-Week High – Time to Buy?

Fidelity Emerging Markets (LON:FEML) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 1,514 and last traded at GBX 1,473.58, with a volume of 173654 shares changing hands. The stock had previously closed at GBX 1,464.

Fidelity Emerging Markets Trading Up 1.1%

The company has a market capitalization of £619.65 million, a price-to-earnings ratio of 3.04 and a beta of 0.70. The firm’s 50 day simple moving average is GBX 1,325.84 and its 200-day simple moving average is GBX 1,191.66.

About Fidelity Emerging Markets

Fidelity Emerging Markets Limited (FEML) draws on Fidelity’s resources across the globe to build a carefully curated portfolio of companies with a strong growth runway. High-quality emerging market companies should deliver strong and sustainable investment returns over the long term but keeping an eye on potential risks is vital. These markets may be more volatile, and company valuations can move to extreme levels in both directions. We strive to ensure our investors can profit from emerging markets’ growth without experiencing every bump in the road.

Three Key Reasons to invest:

Compelling structural growth

The world ‘s emerging markets, whose younger, more dynamic economies provide fertile ground for companies to thrive, are home to opportunities that can’t be found elsewhere.

Research expertise on the ground

We are embedded in these markets around the globe.