Fidelity European Trust (LON:FEV) Shares Pass Below 50-Day Moving Average - Here's Why

Key Points

• Shares fell below its 50‑day moving average: FEV traded as low as GBX 399 and last at GBX 401.50 (50‑day MA GBX 405.80) on volume of 1,214,030, down about 0.5%.
• Valuation and recent results: the trust has a market cap of £2.01bn and a PE of 6.32, reported GBX 11.30 EPS for the quarter (net margin 93.61%, ROE 13.99%), with analysts forecasting roughly GBX 62.99 EPS for the year.
• Insider buying: director Milyae Park bought 4,000 shares at GBX 384 on March 24, while company insiders own just 0.09% of shares.

Fidelity European Trust (LON:FEV - Get Free Report) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 405.80 and traded as low as GBX 399. Fidelity European Trust shares last traded at GBX 401.50, with a volume of 1,214,030 shares traded.

Fidelity European Trust Trading Down 0.5%

The stock's 50 day moving average price is GBX 405.80 and its two-hundred day moving average price is GBX 417.28. The firm has a market capitalization of £2.01 billion, a PE ratio of 6.32 and a beta of 1.21.

Fidelity European Trust (LON:FEV - Get Free Report) last issued its quarterly earnings data on Wednesday, March 18th. The company reported GBX 11.30 earnings per share for the quarter. Fidelity European Trust had a net margin of 93.61% and a return on equity of 13.99%. Analysts expect that Fidelity European Trust will post 62.9906542 earnings per share for the current year.

Insider Transactions at Fidelity European Trust

In other news, insider Milyae Park bought 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 24th. The shares were purchased at an average price of GBX 384 per share, for a total transaction of £15,360. Company insiders own 0.09% of the company's stock.

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. It follows a consistent bottom-up approach, seeking to identify companies able to grow dividends over a three to five-year horizon. Viewed as a whole, the European Union is the world's second largest economy and home to some of the strongest, most stable and resilient companies.

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