Fidelity China Special (LON:FCSS) Insider Mike Balfour Purchases 2,063 Shares

Key Points

• Mike Balfour, an insider at Fidelity China Special, purchased 2,063 shares at an average price of GBX 282 ($3.74) on August 4th, totaling £5,817.66 ($7,724.95).
• The company reported a negative net margin of 561.50% but posted a positive return on equity of 83.04% for the latest quarter.
• Fidelity China Special has a market capitalization of £1.39 billion and is seen as a way to gain exposure to China's shifting economy driven by domestic consumption.

Fidelity China Special (LON:FCSS - Get Free Report) insider Mike Balfour acquired 2,063 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were bought at an average price of GBX 282 ($3.74) per share, with a total value of £5,817.66 ($7,724.95).

Fidelity China Special Price Performance

LON FCSS traded up GBX 3.50 ($0.05) during trading on Monday, reaching GBX 280.50 ($3.72). 864,346 shares of the company's stock traded hands, compared to its average volume of 1,094,216. The firm has a market cap of £1.39 billion and a price-to-earnings ratio of 1.39. The company's 50 day simple moving average is GBX 259.65 and its two-hundred day simple moving average is GBX 251.87. Fidelity China Special has a 12-month low of GBX 170.60 ($2.27) and a 12-month high of GBX 292.83 ($3.89).

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

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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