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

Fidelity Asian Values (LON:FAS - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The company traded as high as GBX 537.44 ($7.34) and last traded at GBX 534 ($7.29), with a volume of 24712 shares changing hands. The stock had previously closed at GBX 526 ($7.18).

Fidelity Asian Values Stock Performance

The company has a market cap of £373.16 million, a PE ratio of 32.73 and a beta of 0.56. The stock's 50-day simple moving average is GBX 512.05 and its 200 day simple moving average is GBX 499.46.

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.