Fidelity Asian Values (LON:FAS) Hits New 12-Month High - Still a Buy?

Key Points

• Fidelity Asian Values (LON:FAS) shares reached a new 12-month high of GBX 582 ($7.88), with a trading volume of 61,712 shares.
• The company has a market capitalization of £383.46 million and a notably high P/E ratio of 1,260.83.
• Fidelity Asian Values focuses on smaller companies within Asia's rapidly growing markets to invest in under-recognized businesses offering strong potential returns.

Fidelity Asian Values (LON:FAS - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 582 ($7.89) and last traded at GBX 582 ($7.89), with a volume of 61712 shares traded. The stock had previously closed at GBX 578 ($7.84).

Fidelity Asian Values Trading Up 1.0%

The firm's 50-day moving average is GBX 563.16 and its 200 day moving average is GBX 522.08. The firm has a market capitalization of £391.37 million, a price-to-earnings ratio of 1,286.83 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.