Fidelity China Special (LON:FCSS) Hits New 1-Year High - Should You Buy?

Key Points

• Fidelity China Special (LON:FCSS) reached a new 52-week high during trading, with shares hitting GBX 310.23 ($4.19) and closing at GBX 308.68 ($4.17).
• The company reported a return on equity of 83.04% and a negative net margin of 561.50% in its latest earnings report.
• Fidelity China Special is positioned to benefit from China’s shift towards a domestic consumption-driven economy, attracting interest from investors seeking growth opportunities.

Fidelity China Special (LON:FCSS - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 310.23 ($4.19) and last traded at GBX 308.68 ($4.17), with a volume of 239076 shares changing hands. The stock had previously closed at GBX 306 ($4.13).

Fidelity China Special Stock Up 0.9%

The stock has a market cap of £1.51 billion and a PE ratio of 468.19. The stock has a 50-day moving average of GBX 275.71 and a 200 day moving average of GBX 260.41.

Fidelity China Special (LON:FCSS - Get Free Report) last issued its earnings results on Tuesday, June 10th. The company reported GBX 10.18 earnings per share (EPS) for the quarter. Fidelity China Special had a positive return on equity of 83.04% and a negative net margin of 561.50%. Research analysts forecast that Fidelity China Special will post 33.5074627 EPS for the current fiscal year.

Insider Activity

In related news, insider Mike Balfour purchased 2,063 shares of Fidelity China Special stock in a transaction dated Monday, August 4th. The shares were acquired at an average cost of GBX 282 per share, with a total value of £5,817.66. Company insiders own 0.11% of the company's stock.

About Fidelity China Special

As the world's second-largest economy, China is shifting from export-led growth towards an economy driven by domestic consumption. With expanding middle classes, rising incomes and technological innovations driving this change and creating a solid backdrop for companies to thrive, investors seeking an effective globally diversified portfolio may want to consider allocating some of their portfolio to China. Fidelity China Special Situations PLC provides focused exposure to companies benefiting from this growth opportunity.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.