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

Fidelity Asian Values (LON:FAS - Get Free Report)'s share price hit a new 52-week high on Friday . The stock traded as high as GBX 532 ($7.14) and last traded at GBX 528 ($7.09), with a volume of 90286 shares trading hands. The stock had previously closed at GBX 524 ($7.03).

Fidelity Asian Values Stock Performance

The company has a 50-day moving average of GBX 503.12 and a 200 day moving average of GBX 498.22. The firm has a market cap of £360.63 million, a P/E ratio of 31.63 and a beta of 0.56.

Fidelity Asian Values (LON:FAS - Get Free Report) last released its quarterly earnings results on Tuesday, March 25th. The company reported GBX 7.88 ($0.11) earnings per share for the quarter. Fidelity Asian Values had a return on equity of 3.04% and a net margin of 50.86%. Sell-side analysts anticipate 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.