Fidelity Asian Values (LON:FAS) Hits New 1-Year High - Here's Why

Key Points

• Fidelity Asian Values shares have reached a new 52-week high, trading at GBX 598 ($7.98), indicating strong market interest with a volume of 82,965 shares.
• The firm's market capitalization stands at £384.55 million, and it maintains a PE ratio of 1,291.16, reflecting its valuation in the market.
• Fidelity Asian Values focuses on finding mispriced smaller companies in Asia’s rapidly growing markets, leveraging extensive local analyst resources for stock selection.

Shares of Fidelity Asian Values (LON:FAS - ) reached a new 52-week high on Monday . The stock traded as high as GBX 598 ($7.98) and last traded at GBX 596 ($7.95), with a volume of 82965 shares. The stock had previously closed at GBX 590 ($7.87).

Fidelity Asian Values Stock Up 1.0%

The business has a 50 day simple moving average of GBX 576.84 and a two-hundred day simple moving average of GBX 535.34. The firm has a market cap of £384.55 million, a PE ratio of 1,291.16 and a beta of 0.56.

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.

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