Fidelity China Special (LON:FCSS) Announces Quarterly Earnings Results

Fidelity China Special (LON:FCSS - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported GBX 10.18 ($0.14) earnings per share for the quarter, Digital Look Earnings reports. Fidelity China Special had a negative net margin of 561.50% and a positive return on equity of 83.04%.

Fidelity China Special Stock Up 0.8%

FCSS stock traded up GBX 2 ($0.03) during trading on Tuesday, hitting GBX 257.50 ($3.48). The company had a trading volume of 470,243 shares, compared to its average volume of 1,168,064. The firm has a 50-day moving average price of GBX 239.87 and a 200-day moving average price of GBX 239.02. Fidelity China Special has a 12 month low of GBX 170.60 ($2.30) and a 12 month high of GBX 292.83 ($3.95). The stock has a market cap of £1.28 billion and a price-to-earnings ratio of 1.27.

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.