Fidelity Asian Values (LON:FAS) Hits New 1-Year High - Time to Buy?

Key Points

• Fidelity Asian Values reached a new 52-week high of GBX 598 ($8.00) on Wednesday, with a last traded price of GBX 595.29 ($7.96) and a trading volume of 67,616 shares.
• The company reported a strong net margin of 50.86% and earnings per share (EPS) of GBX 22.51 for the recent quarter, with a forecast of 102.73 EPS for the current fiscal year.
• Fidelity Asian Values focuses on smaller companies in Asia, capitalizing on the region's rapid economic growth and the potential for finding undervalued businesses through extensive local analysis.

Fidelity Asian Values (LON:FAS - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The stock traded as high as GBX 598 ($8.00) and last traded at GBX 595.29 ($7.96), with a volume of 67616 shares trading hands. The stock had previously closed at GBX 594 ($7.94).

Fidelity Asian Values Stock Performance

The company's fifty day simple moving average is GBX 581.32 and its two-hundred day simple moving average is GBX 539.65. The stock has a market capitalization of £384.09 million, a PE ratio of 12.90 and a beta of 0.56.

Fidelity Asian Values (LON:FAS - Get Free Report) last issued its quarterly earnings results on Friday, October 17th. The company reported GBX 22.51 EPS for the quarter. Fidelity Asian Values had a net margin of 50.86% and a return on equity of 3.04%. Sell-side analysts forecast that Fidelity Asian Values will post 102.734375 EPS 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.

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