Fidelity Asian Values (LON:FAS) Stock Price Down 0.7% - Should You Sell?

Key Points

• Fidelity Asian Values (LON:FAS) stock fell 0.7%, trading between GBX 586.60 ($7.83) and GBX 590 ($7.88) during Friday's session, with a significant drop in trading volume.
• The company has a market capitalization of £380.67 million and a notably high P/E ratio of 1,278.16, which could indicate overvaluation.
• Fidelity Asian Values aims to provide shareholders with exposure to smaller Asian companies, leveraging its local analyst team to identify mispriced businesses with growth potential.

Fidelity Asian Values (LON:FAS - )'s stock price fell 0.7% during trading on Friday . The stock traded as low as GBX 586.60 ($7.83) and last traded at GBX 590 ($7.88). 62,983 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 94,259 shares. The stock had previously closed at GBX 594 ($7.93).

Fidelity Asian Values Stock Performance

The company has a market capitalization of £380.67 million, a P/E ratio of 1,278.16 and a beta of 0.56. The firm's fifty day moving average is GBX 576.84 and its 200-day moving average is GBX 534.90.

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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