Fidelity Asian Values (LON:FAS) Stock Price Passes Above 50 Day Moving Average - Time to Sell?

Key Points

• Fidelity Asian Values shares (LON:FAS) have crossed above their 50-day moving average of GBX 552.52, reaching a trading high of GBX 576 during recent sessions.
• The stock has a market capitalization of £379.60 million and a P/E ratio of 1,234.84, indicating a premium valuation.
• The trust focuses on smaller companies in Asia, aiming to identify mispriced businesses with growth potential before they become widely recognized.

Fidelity Asian Values (LON:FAS - Get Free Report)'s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 552.52 ($7.40) and traded as high as GBX 576 ($7.71). Fidelity Asian Values shares last traded at GBX 570 ($7.63), with a volume of 64,769 shares changing hands.

Fidelity Asian Values Stock Up 0.3%

The company has a market capitalization of £383.60 million, a P/E ratio of 1,247.83 and a beta of 0.56. The business has a fifty day moving average price of GBX 554.60 and a 200 day moving average price of GBX 517.19.

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.