Fidelity European Trust (LON:FEV) Share Price Crosses Above 50-Day Moving Average - Time to Sell?

Key Points

• Fidelity European Trust's share price has crossed above its 50-day moving average, currently trading at GBX 407.50 ($5.53) with a high of GBX 410 ($5.56).
• The company reported quarterly earnings of GBX 8.84 per share and has a net margin of 93.84% alongside a return on equity of 12.65%.
• Fidelity European Trust has a market cap of £1.65 billion and is focused on investing in predominantly continental European equities, with some allowance for investments outside the continent.

Fidelity European Trust (LON:FEV - Get Free Report)'s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 403.22 ($5.47) and traded as high as GBX 410 ($5.56). Fidelity European Trust shares last traded at GBX 407.50 ($5.53), with a volume of 952,465 shares.

Fidelity European Trust Trading Up 0.1%

The company has a market cap of £1.65 billion, a PE ratio of 15,494.30 and a beta of 0.80. The business's 50-day simple moving average is GBX 403.22 and its 200-day simple moving average is GBX 397.40.

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

About Fidelity European Trust

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.