Fidelity Asian Values (LON:FAS) Shares Cross Below 50-Day Moving Average – Time to Sell?

Fidelity Asian Values (LON:FAS)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 498.15 ($6.26) and traded as low as GBX 483.13 ($6.08). Fidelity Asian Values shares last traded at GBX 487 ($6.12), with a volume of 299,997 shares traded.

Fidelity Asian Values Price Performance

The business has a fifty day moving average of GBX 498.15 and a 200 day moving average of GBX 499.47. The stock has a market cap of £339.05 million, a price-to-earnings ratio of 29.74 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.