Fidelity Emerging Markets (LON:FEML) Sets New 52-Week High - Here's What Happened

Key Points

• Fidelity Emerging Markets (LON:FEML) reached a new 52-week high on Monday, trading at GBX 984 ($13.22).
• The company has a market cap of £623.55 million and a P/E ratio of 1,016.33, indicating a high valuation relative to earnings.
• Fidelity Emerging Markets focuses on building a portfolio of high-quality companies, emphasizing the potential for sustainable investment returns in emerging markets.

Fidelity Emerging Markets (LON:FEML - )'s share price hit a new 52-week high on Monday . The stock traded as high as GBX 984 ($13.22) and last traded at GBX 983.84 ($13.21), with a volume of 6799 shares trading hands. The stock had previously closed at GBX 968 ($13.00).

Fidelity Emerging Markets Price Performance

The firm has a market cap of £623.55 million, a P/E ratio of 1,016.33 and a beta of 0.64. The stock's 50 day moving average is GBX 877.14 and its two-hundred day moving average is GBX 788.04.

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.

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