Fidelity European Trust (LON:FEV) Reaches New 12-Month Low – Time to Sell?

Fidelity European Trust (LON:FEV) shares hit a new 52-week low on Monday . The company traded as low as GBX 332.55 ($4.29) and last traded at GBX 335.50 ($4.32), with a volume of 2128048 shares. The stock had previously closed at GBX 356.50 ($4.60).

Fidelity European Trust Stock Performance

The stock’s 50 day moving average price is GBX 391.63 and its 200-day moving average price is GBX 372.53. The company has a market cap of £1.38 billion, a PE ratio of 6.64 and a beta of 0.80.

Fidelity European Trust (LON:FEV) last announced its quarterly earnings data on Thursday, March 20th. The company reported GBX 10.41 ($0.13) earnings per share (EPS) for the quarter. Fidelity European Trust had a return on equity of 12.65% and a net margin of 93.84%. On average, analysts anticipate that Fidelity European Trust will post 62.9906542 EPS for the current year.

Fidelity European Trust Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Thursday, March 27th will be paid a GBX 5.50 ($0.07) dividend. This is a boost from Fidelity European Trust’s previous dividend of $3.60. This represents a yield of 1.36%. The ex-dividend date is Thursday, March 27th. Fidelity European Trust’s payout ratio is 15.86%.

About Fidelity European Trust

Fidelity European Trust PLC aims to be the cornerstone long-term investment of choice for those seeking European exposure across market cycles.

The Trust invests predominantly in continental European equities (and their related securities) and up to 20% of gross assets may be invested in companies outside of the continent.