Fidelity China Special (LON:FCSS) Hits New 12-Month High - Here's Why

Key Points

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Fidelity China Special (LON:FCSS - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 294.75 ($3.98) and last traded at GBX 294 ($3.97), with a volume of 690553 shares. The stock had previously closed at GBX 290.50 ($3.93).

Fidelity China Special Trading Up 1.7%

The company has a market cap of £1.49 billion and a P/E ratio of 1.49. The business's 50 day simple moving average is GBX 270.74 and its 200 day simple moving average is GBX 258.32.

Fidelity China Special (LON:FCSS - Get Free Report) last released its 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%. Sell-side analysts anticipate that Fidelity China Special will post 33.5074627 EPS for the current year.

Insider Buying and Selling

In other news, insider Mike Balfour bought 2,063 shares of the firm's stock in a transaction on 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 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.