Fidelity Emerging Markets (LON:FEML) Stock Price Down 0.1% - Here's Why

Key Points

• Fidelity Emerging Markets (LON:FEML) stock price declined by 0.1%, trading at GBX 836 ($11.23) after reaching a low of GBX 818 ($10.99) during mid-day.
• The company's market capitalization stands at £714.80 million, with a P/E ratio of 6.86 and a beta of 0.64.
• Fidelity Emerging Markets Limited focuses on building a portfolio of high-quality emerging market companies, aiming for strong and sustainable investment returns while being aware of potential risks.

Fidelity Emerging Markets (LON:FEML - Get Free Report)'s share price was down 0.1% during mid-day trading on Monday . The company traded as low as GBX 818 ($11.07) and last traded at GBX 836 ($11.31). Approximately 60,685 shares traded hands during trading, a decline of 25% from the average daily volume of 81,066 shares. The stock had previously closed at GBX 837 ($11.32).

Fidelity Emerging Markets Stock Performance

The business's 50 day simple moving average is GBX 806.88 and its 200-day simple moving average is GBX 742.41. The stock has a market capitalization of £729.33 million, a price-to-earnings ratio of 7.00 and a beta of 0.64.

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.