Fidelity European Trust (LON:FEV) Hits New 12-Month High - Here's Why

Key Points

• Fidelity European Trust's share price reached a new 52-week high of GBX 417 ($5.62) amid strong trading activity, closing at GBX 416.14 ($5.61) with a volume of 1,984,600 shares.
• The company's recent quarterly earnings reported an EPS of GBX 8.84, contributing to a net margin of 93.84% and a return on equity of 12.65%.
• Fidelity European Trust primarily invests in continental European equities and aims to be a long-term investment choice for exposure across market cycles.

Fidelity European Trust (LON:FEV - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 417 ($5.62) and last traded at GBX 416.14 ($5.61), with a volume of 1984600 shares changing hands. The stock had previously closed at GBX 410 ($5.53).

Fidelity European Trust Trading Up 1.5%

The stock has a market cap of £1.68 billion, a P/E ratio of 15,817.30 and a beta of 0.80. The company's fifty day simple moving average is GBX 403.91 and its 200-day simple moving average is GBX 398.37.

Fidelity European Trust (LON:FEV - Get Free Report) last announced its quarterly earnings results on Friday, September 5th. The company reported GBX 8.84 earnings per share (EPS) for the quarter. Fidelity European Trust had a net margin of 93.84% and a return on equity of 12.65%. As a group, analysts expect that Fidelity European Trust will post 62.9906542 earnings per share for the current fiscal year.

Fidelity European Trust Company Profile

Fidelity European Trust PLC aims to be the cornerstone long-term investment of choice for those seeking European exposure across market cycles. The Trust invests predominantly in continental European equities (and their related securities) and up to 20% of gross assets may be invested in companies outside of the continent.

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