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

Shares of Fidelity Asian Values (LON:FAS) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 494.97 ($6.44) and traded as high as GBX 502 ($6.53). Fidelity Asian Values shares last traded at GBX 502 ($6.53), with a volume of 91,440 shares.

Fidelity Asian Values Stock Performance

The company has a market cap of £349.49 million, a P/E ratio of 30.66 and a beta of 0.56. The business’s fifty day moving average is GBX 494.97 and its two-hundred day moving average is GBX 499.68.

Fidelity Asian Values Company Profile

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.