Fidelity China Special (LON:FCSS – Get Free Report) released its quarterly earnings results on Friday. The company reported GBX 8.64 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Fidelity China Special had a negative net margin of 561.50% and a positive return on equity of 83.04%.
Fidelity China Special Stock Down 1.8%
Shares of Fidelity China Special stock opened at GBX 324.22 on Friday. The firm has a market cap of £1.54 billion and a PE ratio of 2.88. Fidelity China Special has a 12-month low of GBX 206.28 and a 12-month high of GBX 339. The company’s fifty day simple moving average is GBX 310.83 and its two-hundred day simple moving average is GBX 303.62.
Insiders Place Their Bets
In related news, insider Vanessa Donegan acquired 6,287 shares of Fidelity China Special stock in a transaction that occurred on Thursday, October 23rd. The stock was bought at an average price of GBX 316 per share, with a total value of £19,866.92. 0.10% of the stock is currently owned by insiders.
Fidelity China Special Company Profile
As the world’s second-largest economy, China is shifting from export-led growth towards an economy driven by domestic consumption. With expanding middle classes, rising incomes and technological innovations driving this change and creating a solid backdrop for companies to thrive, investors seeking an effective globally diversified portfolio may want to consider allocating some of their portfolio to China.
Fidelity China Special Situations PLC provides focused exposure to companies benefiting from this growth opportunity.
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