Fidelity China Special (LON:FCSS) Reaches New 12-Month High - What's Next?

Key Points

• Fidelity China Special's stock price reached a new 52-week high, trading at GBX 310.50 ($4.21) with a volume of 974,589 shares.
• The company reported earnings per share of GBX 10.18 for the quarter and has a market capitalization of £1.52 billion.
• Insider buying activity includes Mike Balfour purchasing 2,063 shares at an average price of GBX 282, indicating confidence in the stock.

Fidelity China Special (LON:FCSS - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The company traded as high as GBX 310.50 ($4.21) and last traded at GBX 309.50 ($4.19), with a volume of 974589 shares. The stock had previously closed at GBX 307 ($4.16).

Fidelity China Special Stock Up 1.1%

The business has a 50-day simple moving average of GBX 282.47 and a two-hundred day simple moving average of GBX 262.21. The company has a market cap of £1.52 billion and a price-to-earnings ratio of 470.95.

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

Insider Buying and Selling at Fidelity China Special

In related news, insider Mike Balfour purchased 2,063 shares of Fidelity China Special stock in a transaction on Monday, August 4th. The stock was bought at an average price of GBX 282 per share, with a total value of £5,817.66. 0.09% of the stock is owned by corporate 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.

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