Fidelity Asian Values (LON:FAS) Stock Price Passes Below 50 Day Moving Average - Here's Why

Fidelity Asian Values (LON:FAS - Get Free Report)'s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 487.16 ($6.55) and traded as low as GBX 477.30 ($6.41). Fidelity Asian Values shares last traded at GBX 484 ($6.50), with a volume of 66,166 shares changing hands.

Fidelity Asian Values Stock Performance

The business's 50 day moving average price is GBX 486.46 and its two-hundred day moving average price is GBX 496.93. The company has a market capitalization of £336.00 million, a price-to-earnings ratio of 29.47 and a beta of 0.56.

Fidelity Asian Values (LON:FAS - Get Free Report) last released its earnings results on Tuesday, March 25th. The company reported GBX 7.88 ($0.11) earnings per share for the quarter. Fidelity Asian Values had a return on equity of 3.04% and a net margin of 50.86%. On average, sell-side analysts expect that Fidelity Asian Values will post 102.734375 earnings per share for the current year.

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.