Fidelity European Trust (LON:FEV) Hits New 12-Month Low – Should You Sell?

Fidelity European Trust (LON:FEV) hit a new 52-week low during trading on Thursday . The company traded as low as GBX 314 ($4.26) and last traded at GBX 412.50 ($5.60), with a volume of 662527 shares trading hands. The stock had previously closed at GBX 412 ($5.59).

Fidelity European Trust Price Performance

The stock has a market capitalization of £1.67 billion, a PE ratio of 8.06 and a beta of 0.80. The firm’s 50 day simple moving average is GBX 393.62 and its 200 day simple moving average is GBX 381.72.

Fidelity European Trust (LON:FEV) last released its earnings results on Thursday, March 20th. The company reported GBX 10.41 ($0.14) earnings per share for the quarter. Fidelity European Trust had a return on equity of 12.65% and a net margin of 93.84%. Analysts expect that Fidelity European Trust will post 62.9906542 earnings per share for the current fiscal year.

Fidelity European Trust Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, May 13th. Stockholders of record on Thursday, March 27th were paid a dividend of GBX 5.50 ($0.07) per share. This represents a dividend yield of 1.36%. The ex-dividend date was Thursday, March 27th. This is a positive change from Fidelity European Trust’s previous dividend of $3.60. Fidelity European Trust’s dividend payout ratio is 15.86%.

Insider Buying and Selling

In other Fidelity European Trust news, insider Milyae Park bought 2,300 shares of the business’s stock in a transaction that occurred on Thursday, April 10th. The shares were bought at an average cost of GBX 361 ($4.90) per share, with a total value of £8,303 ($11,265.94). 0.77% of the stock is owned by insiders.

About Fidelity European Trust

Fidelity European Trust PLC aims to be the cornerstone long-term investment of choice for those seeking European exposure across market cycles.

The Trust invests predominantly in continental European equities (and their related securities) and up to 20% of gross assets may be invested in companies outside of the continent.