Fidelity Asian Values (LON:FAS) Stock Crosses Above 50-Day Moving Average - Should You Sell?

Key Points

• Price action: Fidelity Asian Values (LON:FAS) rose above its 50‑day moving average (GBX 623.24), trading as high as GBX 638 and last at GBX 632 on volume of 55,271, and is also above its 200‑day MA (GBX 615.60).
• Valuation and results: The trust has a market cap of £399.7M and a low P/E of 5.72; last quarter it reported GBX 9.37 EPS on GBX 759M revenue, with a net margin of 87.46% and ROE of 17.85%.
• Strategy: The fund targets mainly smaller Asian companies to find mispriced "winners of tomorrow," leveraging Fidelity’s local analyst teams to capture Asia’s growth opportunities.

Fidelity Asian Values (LON:FAS - Get Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 623.24 and traded as high as GBX 638. Fidelity Asian Values shares last traded at GBX 632, with a volume of 55,271 shares changing hands.

Fidelity Asian Values Stock Down 0.4%

The company's fifty day moving average is GBX 623.24 and its 200 day moving average is GBX 615.60. The stock has a market cap of £399.70 million, a PE ratio of 5.72 and a beta of 0.37.

Fidelity Asian Values (LON:FAS - Get Free Report) last issued its quarterly earnings data on Monday, March 30th. The company reported GBX 9.37 earnings per share (EPS) for the quarter. The company had revenue of GBX 759 million during the quarter. Fidelity Asian Values had a net margin of 87.46% and a return on equity of 17.85%. Equities analysts expect that Fidelity Asian Values will post 102.734375 EPS for the current 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.

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