Fidelity Asian Values (LON:FAS) Reaches New 1-Year High - Still a Buy?

Fidelity Asian Values (LON:FAS - Get Free Report) shares reached a new 52-week high on Thursday . The company traded as high as GBX 550 ($7.47) and last traded at GBX 546 ($7.42), with a volume of 76008 shares trading hands. The stock had previously closed at GBX 540 ($7.34).

Fidelity Asian Values Stock Performance

The stock's fifty day moving average is GBX 516.41 and its two-hundred day moving average is GBX 500.33. The firm has a market capitalization of £380.13 million, a price-to-earnings ratio of 33.34 and a beta of 0.56.

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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