Fidelity European Trust (LON:FEV) Sets New 1-Year High - Here's What Happened

Shares of Fidelity European Trust (LON:FEV - Get Free Report) hit a new 52-week high on Friday . The company traded as high as GBX 411 ($5.47) and last traded at GBX 410.25 ($5.46), with a volume of 825784 shares trading hands. The stock had previously closed at GBX 406 ($5.40).

Fidelity European Trust Stock Up 1.2%

The stock has a market cap of £1.69 billion, a PE ratio of 8.15 and a beta of 0.80. The business has a 50 day moving average price of GBX 385.08 and a 200 day moving average price of GBX 373.93.

Fidelity European Trust (LON:FEV - Get Free Report) last issued its earnings results 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%. On average, research analysts predict that Fidelity European Trust will post 62.9906542 earnings per share for the current fiscal year.

Fidelity European Trust Increases Dividend

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

Insider Transactions at Fidelity European Trust

In other Fidelity European Trust news, insider Milyae Park purchased 2,300 shares of the stock in a transaction on Thursday, April 10th. The shares were bought at an average price of GBX 361 ($4.80) per share, for a total transaction of £8,303 ($11,050.04). Company insiders own 0.77% of the company's stock.

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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