Fidelity European Trust (LON:FEV) Share Price Crosses Below Fifty Day Moving Average - Should You Sell?

Key Points

• Fidelity European Trust shares fell below their 50-day moving average of GBX 405.29, trading as low as GBX 392.01, indicating potential weakness in the stock's performance.
• The company's market capitalization stands at £1.62 billion, with a PE ratio of 7.82 and a beta of 0.80, suggesting lower volatility compared to the market.
• This investment trust primarily focuses on continental European equities, with the capability to invest up to 20% of gross assets outside the continent.

Fidelity European Trust (LON:FEV - Get Free Report) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 405.29 ($5.39) and traded as low as GBX 392.01 ($5.21). Fidelity European Trust shares last traded at GBX 394.50 ($5.25), with a volume of 1,750,157 shares traded.

Fidelity European Trust Stock Down 0.4%

The stock has a market cap of £1.61 billion, a price-to-earnings ratio of 7.78 and a beta of 0.80. The business's 50 day simple moving average is GBX 404.87 and its 200 day simple moving average is GBX 394.30.

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.