Fidelity Emerging Markets (LON:FEML) Reaches New 12-Month High - Here's What Happened

Key Points

• Fidelity Emerging Markets (LON:FEML) reached a new 52-week high during trading, peaking at GBX 929 ($12.52) before closing at GBX 925.27 ($12.46).
• The company's market capitalization stands at £587.33 million with a P/E ratio of 957.29, indicating potential growth but also risk factors.
• Fidelity focuses on building a portfolio of high-quality emerging market companies that are expected to provide strong and sustainable investment returns over time.

Shares of Fidelity Emerging Markets (LON:FEML - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 929 ($12.56) and last traded at GBX 925.27 ($12.51), with a volume of 1168830 shares changing hands. The stock had previously closed at GBX 918 ($12.41).

Fidelity Emerging Markets Trading Up 0.5%

The firm has a market capitalization of £589.89 million, a price-to-earnings ratio of 961.46 and a beta of 0.64. The stock has a fifty day moving average of GBX 856.42 and a 200-day moving average of GBX 773.02.

About Fidelity Emerging Markets

Fidelity Emerging Markets Limited (FEML) draws on Fidelity's resources across the globe to build a carefully curated portfolio of companies with a strong growth runway. High-quality emerging market companies should deliver strong and sustainable investment returns over the long term but keeping an eye on potential risks is vital.