Fidelity China Special (LON:FCSS) Sets New 52-Week High – Time to Buy?

Shares of Fidelity China Special (LON:FCSS) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 273.35 ($3.53) and last traded at GBX 273.35 ($3.53), with a volume of 1073644 shares traded. The stock had previously closed at GBX 263.50 ($3.41).

Fidelity China Special Trading Down 0.4 %

The firm has a market capitalization of £1.35 billion and a PE ratio of 1.35. The business has a 50 day moving average price of GBX 236.61 and a 200-day moving average price of GBX 216.17.

Fidelity China Special (LON:FCSS) last issued its earnings results on Monday, December 9th. The company reported GBX 9.05 ($0.12) earnings per share (EPS) for the quarter. Fidelity China Special had a positive return on equity of 83.04% and a negative net margin of 561.50%. On average, equities research analysts forecast that Fidelity China Special will post 33.5074627 earnings per share 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.