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

Key Points

• Fidelity China Special's stock reached a new 52-week high, trading as high as GBX 334 ($4.50) on Tuesday, with a volume of nearly 428,000 shares exchanged.
• The company has a market capitalization of £1.63 billion and a significantly high price-to-earnings ratio of 508.46.
• China's economic shift from export-led growth to domestic consumption presents an opportunity for investors, making Fidelity China Special a consideration for globally diversified portfolios.

Fidelity China Special (LON:FCSS - )'s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 334 ($4.50) and last traded at GBX 333.31 ($4.49), with a volume of 427980 shares changing hands. The stock had previously closed at GBX 332 ($4.48).

Fidelity China Special Price Performance

The firm's fifty day simple moving average is GBX 305.18 and its 200 day simple moving average is GBX 269.46. The company has a market capitalization of £1.63 billion and a price-to-earnings ratio of 508.46.

Insider Buying and Selling

In other Fidelity China Special news, insider Mike Balfour bought 2,063 shares of the company's stock in a transaction dated Monday, August 4th. The shares were bought at an average price of GBX 282 per share, for a total transaction of £5,817.66. Insiders own 0.09% 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.

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