Fidelity Asian Values (LON:FAS) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

Fidelity Asian Values (LON:FAS) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 594.41 and traded as high as GBX 630. Fidelity Asian Values shares last traded at GBX 628, with a volume of 80,967 shares trading hands.

Fidelity Asian Values Stock Performance

The company has a market cap of £399.64 million, a P/E ratio of 5.78 and a beta of 0.63. The firm’s fifty day moving average is GBX 595.81 and its two-hundred day moving average is GBX 608.09.

About Fidelity Asian Values

Fidelity Asian Values PLC provides shareholders with a differentiated equity exposure to Asian Markets. Asia is the world’s fastest-growing economic region and the trust looks to capitalise on this by finding good businesses, run by good people and buying them at a good price.

The Trust favours smaller companies as this gives it the opportunity to find mispriced businesses, the “winners of tomorrow”, before they become well known.

With more than 18,000 listed companies in Asia – which is more than the rest of the world put together – there is a huge opportunity for a fundamental research driven stock picker who can fully utilise Fidelity’s extensive locally based analyst team.