Fidelity China Special (LON:FCSS) Reaches New 12-Month High - Still a Buy?

Key Points

• Fidelity China Special's stock reached a new 52-week high at GBX 303 ($4.08), with a trading volume of 891,347 shares.
• The company reported a quarterly earnings of GBX 10.18 per share, alongside a negative net margin of 561.50% and a positive return on equity of 83.04%.
• Insider activity includes the purchase of 2,063 shares by Mike Balfour at an average cost of GBX 282 each, suggesting confidence in the company's future performance.

Fidelity China Special (LON:FCSS - Get Free Report)'s share price reached a new 52-week high on Tuesday . The company traded as high as GBX 303 ($4.09) and last traded at GBX 302.16 ($4.08), with a volume of 891347 shares. The stock had previously closed at GBX 301 ($4.07).

Fidelity China Special Stock Performance

The stock has a market capitalization of £1.49 billion and a P/E ratio of 1.49. The business's fifty day moving average price is GBX 274.41 and its two-hundred day moving average price is GBX 259.73.

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

Insider Buying and Selling at Fidelity China Special

In other Fidelity China Special news, insider Mike Balfour bought 2,063 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was acquired at an average cost of GBX 282 per share, for a total transaction of £5,817.66. Company insiders own 7.77% 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.