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

Key Points

• Fidelity Asian Values' share price reached a new 52-week high of GBX 596 ($8.11) during trading, indicating strong market interest.
• The stock has a market capitalization of £387.42 million with a high P/E ratio of 1,273.83, suggesting it might be overvalued.
• The trust focuses on investing in smaller companies in Asia, aiming to identify mispriced businesses and capitalize on the region's rapid economic growth.

Fidelity Asian Values (LON:FAS - Get Free Report) hit a new 52-week high on Monday . The company traded as high as GBX 596 ($8.03) and last traded at GBX 588 ($7.92), with a volume of 36712 shares trading hands. The stock had previously closed at GBX 594 ($8.00).

Fidelity Asian Values Trading Down 0.3%

The stock has a market cap of £384.78 million, a price-to-earnings ratio of 1,265.16 and a beta of 0.56. The business has a 50 day simple moving average of GBX 567.69 and a two-hundred day simple moving average of GBX 525.26.

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.