Fidelity China Special (LON:FCSS) Hits New 12-Month High - Still a Buy?

Key Points

• Fidelity China Special's stock price reached a new 12-month high at GBX 320.50 ($4.36), with a market cap of £1.56 billion and a PE ratio of 484.60.
• Insider Mike Balfour purchased 2,063 shares at an average price of GBX 282, indicating confidence in the company's growth potential.
• The firm is positioned to benefit from China's transition towards an economy driven by domestic consumption, appealing to investors looking for exposure in this market.

Fidelity China Special (LON:FCSS - )'s stock price reached a new 52-week high during trading on Monday . The company traded as high as GBX 320.50 ($4.36) and last traded at GBX 319.50 ($4.35), with a volume of 649647 shares trading hands. The stock had previously closed at GBX 319 ($4.34).

Fidelity China Special Price Performance

The stock's fifty day simple moving average is GBX 288.40 and its 200-day simple moving average is GBX 264.04. The firm has a market cap of £1.56 billion and a PE ratio of 484.60.

Insider Buying and Selling

In other news, insider Mike Balfour purchased 2,063 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were bought at an average price of GBX 282 per share, for a total transaction of £5,817.66. Corporate insiders own 0.09% of the company's stock.

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.

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