Fidelity European Trust (LON:FEV) Stock Price Passes Above 50-Day Moving Average - What's Next?

Key Points

• Fidelity European Trust's stock price has recently increased, crossing above its 50-day moving average of GBX 403.32 ($5.42), trading at GBX 404.50 ($5.43).
• The company reported an impressive net margin of 93.84% and a quarterly earnings per share (EPS) of GBX 8.84.
• Fidelity European Trust aims to be a long-term investment option for those seeking exposure to European equities while also allowing a portion of its assets to invest globally.

Fidelity European Trust (LON:FEV - Get Free Report)'s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 403.32 ($5.46) and traded as high as GBX 404.50 ($5.47). Fidelity European Trust shares last traded at GBX 404.50 ($5.47), with a volume of 990,351 shares traded.

Fidelity European Trust Price Performance

The company has a market cap of £1.64 billion, a P/E ratio of 15,456.27 and a beta of 0.80. The company has a 50 day moving average of GBX 403.33 and a 200-day moving average of GBX 397.17.

Fidelity European Trust (LON:FEV - Get Free Report) last released its earnings results on Friday, September 5th. The company reported GBX 8.84 EPS for the quarter. Fidelity European Trust had a return on equity of 12.65% and a net margin of 93.84%. Research analysts anticipate 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.