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

Fidelity European Trust logo with Financial Services background

Fidelity European Trust (LON:FEV - Get Free Report) shares hit a new 52-week high during trading on Thursday . The company traded as high as GBX 414.63 ($5.63) and last traded at GBX 413 ($5.60), with a volume of 568649 shares. The stock had previously closed at GBX 413 ($5.60).

Fidelity European Trust Price Performance

The stock has a market capitalization of £1.68 billion, a price-to-earnings ratio of 8.12 and a beta of 0.80. The firm has a fifty day moving average of GBX 386.40 and a 200 day moving average of GBX 376.63.

Fidelity European Trust (LON:FEV - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The company reported GBX 10.41 ($0.14) EPS for the quarter. Fidelity European Trust had a return on equity of 12.65% and a net margin of 93.84%. Research analysts predict that Fidelity European Trust will post 62.9906542 EPS for the current year.

Fidelity European Trust Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, May 13th. Stockholders of record on Thursday, March 27th were given a dividend of GBX 5.50 ($0.07) per share. The ex-dividend date was Thursday, March 27th. This is a boost from Fidelity European Trust's previous dividend of $3.60. This represents a dividend yield of 1.36%. Fidelity European Trust's dividend payout ratio (DPR) is 15.86%.

Insider Activity at Fidelity European Trust

In related news, insider Milyae Park purchased 2,300 shares of the company's stock in a transaction that occurred on Thursday, April 10th. The shares were purchased at an average price of GBX 361 ($4.90) per share, with a total value of £8,303 ($11,265.94). 0.77% of the stock is owned by company insiders.

About Fidelity European Trust

(Get Free Report)

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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