Fidelity Asian Values (LON:FAS) Hits New 52-Week High - Time to Buy?

Key Points

• Fidelity Asian Values (LON:FAS) shares reached a new 52-week high, trading at GBX 570 ($7.56) before closing at GBX 564 ($7.48) with a volume of 55,160 shares.
• The stock has a market cap of £392.66 million and a P/E ratio of 34.44, indicating high valuation in the market.
• Fidelity Asian Values focuses on smaller Asian companies to find mispriced businesses, leveraging its local analyst team to identify potential growth opportunities.

Fidelity Asian Values (LON:FAS - ) shares hit a new 52-week high on Thursday . The stock traded as high as GBX 570 ($7.56) and last traded at GBX 564 ($7.48), with a volume of 55160 shares trading hands. The stock had previously closed at GBX 566 ($7.50).

Fidelity Asian Values Stock Down 0.4%

The stock has a market cap of £392.66 million, a P/E ratio of 34.44 and a beta of 0.56. The firm's 50-day moving average is GBX 530.97 and its two-hundred day moving average is GBX 505.34.

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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