Fidelity Asian Values (LON:FAS) Hits New 12-Month High - Here's Why

Key Points

• Fidelity Asian Values shares have reached a new 12-month high, trading at GBX 578.31 ($7.75) during mid-day on Wednesday.
• The company's market capitalization is £383.60 million, and it is focused on finding investment opportunities in smaller Asian companies.
• Fidelity Asian Values aims to capitalize on Asia's economic growth by identifying and investing in mispriced businesses with strong management teams.

Shares of Fidelity Asian Values (LON:FAS - ) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 578.31 ($7.75) and last traded at GBX 576 ($7.71), with a volume of 57501 shares. The stock had previously closed at GBX 574 ($7.69).

Fidelity Asian Values Stock Up 0.3%

The firm has a fifty day moving average price of GBX 554.60 and a 200-day moving average price of GBX 517.19. The firm has a market cap of £383.60 million, a price-to-earnings ratio of 1,247.83 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.