Fidelity Emerging Markets (LON:FEML) Hits New 1-Year High - Time to Buy?

Key Points

• Fidelity Emerging Markets (LON:FEML) reached a new 52-week high of GBX 858 ($11.54) during trading, reflecting increasing investor interest.
• The fund has a market capitalization of £732.75 million and a price-to-earnings ratio of 7.03, indicating a relatively low valuation.
• Despite hitting a high, the share price was last recorded down by 0.1%, suggesting a slight pullback after the peak performance.

Fidelity Emerging Markets (LON:FEML - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 858 ($11.59) and last traded at GBX 857 ($11.57), with a volume of 5266 shares. The stock had previously closed at GBX 858 ($11.59).

Fidelity Emerging Markets Trading Up 0.4%

The company's 50 day moving average is GBX 824.62 and its 200 day moving average is GBX 753.52. The stock has a market capitalization of £548.04 million, a price-to-earnings ratio of 892.71 and a beta of 0.64.

Fidelity Emerging Markets Company Profile

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.