Fidelity China Special (LON:FCSS) Hits New 52-Week High - Time to Buy?

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.

Shares of Fidelity China Special (LON:FCSS - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 310.50 ($4.21) and last traded at GBX 309.50 ($4.20), with a volume of 974589 shares trading hands. The stock had previously closed at GBX 307 ($4.16).

Fidelity China Special Trading Up 1.1%

The company has a market capitalization of £1.56 billion and a P/E ratio of 483.85. The business has a 50 day moving average price of GBX 287.12 and a 200 day moving average price of GBX 263.66.

Insider Activity at Fidelity China Special

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