Fidelity Asian Values (LON:FAS) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Shares of Fidelity Asian Values (LON:FAS) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 499.73 ($6.22) and traded as low as GBX 494 ($6.15). Fidelity Asian Values shares last traded at GBX 494 ($6.15), with a volume of 49,370 shares traded.

Fidelity Asian Values Stock Performance

The stock has a market cap of £349.11 million, a P/E ratio of -6,144.50 and a beta of 0.56. The business has a 50 day simple moving average of GBX 501.56 and a 200-day simple moving average of GBX 499.73.

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.