Fidelity China Special (LON:FCSS) Reaches New 52-Week High – Here’s What Happened

Fidelity China Special (LON:FCSS)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 286.78 ($3.73) and last traded at GBX 286 ($3.72), with a volume of 1252980 shares trading hands. The stock had previously closed at GBX 280.50 ($3.65).

Fidelity China Special Price Performance

The stock has a market capitalization of £1.43 billion and a price-to-earnings ratio of 1.43. The stock has a 50 day moving average price of GBX 247.11 and a 200 day moving average price of GBX 222.06.

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.