Fidelity European Trust (LON:FEV) Stock Crosses Above 50-Day Moving Average - Here's Why

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 crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 403.22 ($5.50) and traded as high as GBX 410 ($5.59). Fidelity European Trust shares last traded at GBX 407.50 ($5.55), with a volume of 952,465 shares.

Fidelity European Trust Trading Up 1.0%

The stock's fifty day moving average is GBX 403.31 and its two-hundred day moving average is GBX 397.59. The firm has a market cap of £1.66 billion, a P/E ratio of 15,589.35 and a beta of 0.80.

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