Fidelity Asian Values (LON:FAS) Shares Pass Below 50 Day Moving Average – Here’s Why

Fidelity Asian Values (LON:FAS) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 487.16 ($6.47) and traded as low as GBX 477.30 ($6.33). Fidelity Asian Values shares last traded at GBX 484 ($6.42), with a volume of 66,166 shares.

Fidelity Asian Values Stock Performance

The stock has a market cap of £335.39 million, a P/E ratio of 29.42 and a beta of 0.56. The stock has a fifty day simple moving average of GBX 487.16 and a 200-day simple moving average of GBX 497.92.

Fidelity Asian Values (LON:FAS) last announced its earnings results on Tuesday, March 25th. The company reported GBX 7.88 ($0.10) earnings per share (EPS) for the quarter. Fidelity Asian Values had a return on equity of 3.04% and a net margin of 50.86%. On average, research analysts anticipate that Fidelity Asian Values will post 102.734375 earnings per share for the current year.

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.