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

Key Points

• Fidelity China Special (LON:FCSS) reached a new 52-week high at GBX 293.50 ($3.96) during trading, marking a significant increase for the firm, which has a market cap of £1.45 billion.
• The company reported a quarterly earnings per share (EPS) of GBX 10.18 ($0.14) but has a negative net margin of 561.50% alongside a positive return on equity of 83.04%.
• Insider Mike Balfour purchased 2,063 shares at an average cost of GBX 282 ($3.81), highlighting continued confidence from company insiders, who own 7.77% of the stock.

Shares of Fidelity China Special (LON:FCSS - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 293.50 ($3.96) and last traded at GBX 291.54 ($3.94), with a volume of 131798 shares changing hands. The stock had previously closed at GBX 286.50 ($3.87).

Fidelity China Special Trading Up 2.4%

The business's fifty day simple moving average is GBX 264.60 and its 200-day simple moving average is GBX 254.65. The firm has a market cap of £1.45 billion and a P/E ratio of 1.45.

Fidelity China Special (LON:FCSS - Get Free Report) last released its quarterly earnings results on Tuesday, June 10th. The company reported GBX 10.18 ($0.14) EPS for the quarter. Fidelity China Special had a negative net margin of 561.50% and a positive return on equity of 83.04%. As a group, research analysts expect that Fidelity China Special will post 33.5074627 earnings per share for the current fiscal year.

Insider Activity at Fidelity China Special

In other news, insider Mike Balfour purchased 2,063 shares of Fidelity China Special stock in a transaction dated Monday, August 4th. The stock was purchased at an average cost of GBX 282 ($3.81) per share, for a total transaction of £5,817.66 ($7,854.27). 7.77% of the stock is owned by company insiders.

Fidelity China Special Company Profile

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.