Fidelity Asian Values (LON:FAS) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Shares of Fidelity Asian Values (LON:FAS) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 501.84 ($6.11) and traded as high as GBX 504.57 ($6.14). Fidelity Asian Values shares last traded at GBX 500 ($6.08), with a volume of 56,063 shares trading hands.

Fidelity Asian Values Stock Performance

The business has a 50 day moving average price of GBX 501.84 and a 200-day moving average price of GBX 499.99. The company has a market capitalization of £355.10 million, a price-to-earnings ratio of -6,250.00 and a beta of 0.56.

Fidelity Asian Values Company Profile

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.