Fidelity Emerging Markets (LON:FEML) Reaches New 12-Month High – Here’s What Happened

Fidelity Emerging Markets (LON:FEML)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 1,068 and last traded at GBX 1,054, with a volume of 78661 shares traded. The stock had previously closed at GBX 1,044.

Fidelity Emerging Markets Price Performance

The firm has a market cap of £480.92 million, a P/E ratio of 5.76 and a beta of 0.64. The company’s 50 day moving average is GBX 981.68 and its two-hundred day moving average is GBX 902.79.

Insider Buying and Selling at Fidelity Emerging Markets

In other news, insider Mark Little acquired 508 shares of the stock in a transaction dated Thursday, October 9th. The shares were acquired at an average cost of GBX 983 per share, for a total transaction of £4,993.64. Insiders own 0.10% of the company’s stock.

About Fidelity Emerging Markets

Fidelity Emerging Markets Limited (FEML) draws on Fidelity’s resources across the globe to build a carefully curated portfolio of companies with a strong growth runway. High-quality emerging market companies should deliver strong and sustainable investment returns over the long term but keeping an eye on potential risks is vital. These markets may be more volatile, and company valuations can move to extreme levels in both directions. We strive to ensure our investors can profit from emerging markets’ growth without experiencing every bump in the road.

Three Key Reasons to invest:

Compelling structural growth

The world ‘s emerging markets, whose younger, more dynamic economies provide fertile ground for companies to thrive, are home to opportunities that can’t be found elsewhere.

Research expertise on the ground

We are embedded in these markets around the globe.