Fidelity European Trust (LON:FEV) Stock Passes Above Fifty Day Moving Average - What's Next?

Fidelity European Trust (LON:FEV - Get Free Report)'s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 384.83 ($5.13) and traded as high as GBX 387 ($5.16). Fidelity European Trust shares last traded at GBX 387 ($5.16), with a volume of 571,535 shares.

Fidelity European Trust Trading Up 1.3 %

The company has a market capitalization of £1.62 billion, a P/E ratio of 7.81 and a beta of 0.80. The company has a 50 day moving average price of GBX 384.58 and a 200 day moving average price of GBX 371.33.

Fidelity European Trust (LON:FEV - Get Free Report) last posted its quarterly 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%. As a group, sell-side analysts forecast that Fidelity European Trust will post 62.9906542 EPS for the current fiscal year.

Fidelity European Trust Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Thursday, March 27th will be paid a GBX 5.50 ($0.07) dividend. The ex-dividend date is Thursday, March 27th. This is a positive change from Fidelity European Trust's previous dividend of $3.60. This represents a dividend yield of 1.36%. Fidelity European Trust's payout ratio is presently 15.86%.

Insiders Place Their Bets

In other 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 bought at an average cost of GBX 361 ($4.81) per share, for a total transaction of £8,303 ($11,063.29). 0.77% of the stock is owned by corporate insiders.

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.