Fidelity Asian Values (LON:FAS) Reaches New 52-Week High - Still a Buy?

Fidelity Asian Values (LON:FAS - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 533.21 ($7.23) and last traded at GBX 530 ($7.18), with a volume of 109499 shares traded. The stock had previously closed at GBX 526 ($7.13).

Fidelity Asian Values Price Performance

The business has a 50-day simple moving average of GBX 494.08 and a 200 day simple moving average of GBX 496.76. The firm has a market cap of £367.96 million, a PE ratio of 32.28 and a beta of 0.56.

Fidelity Asian Values (LON:FAS - Get Free Report) last released its quarterly earnings data on Tuesday, March 25th. The company reported GBX 7.88 ($0.11) earnings per share for the quarter. Fidelity Asian Values had a return on equity of 3.04% and a net margin of 50.86%. On average, equities analysts forecast that Fidelity Asian Values will post 102.734375 earnings per share for the current fiscal year.

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.