Fidelity Asian Values (LON:FAS) Hits New 52-Week High – Here’s What Happened

Fidelity Asian Values (LON:FAS) shares reached a new 52-week high on Thursday . The company traded as high as GBX 658 and last traded at GBX 656, with a volume of 72929 shares trading hands. The stock had previously closed at GBX 646.

Fidelity Asian Values Stock Performance

The business’s fifty day simple moving average is GBX 615.28 and its 200 day simple moving average is GBX 598.38. The stock has a market cap of £421.52 million, a price-to-earnings ratio of 10.52 and a beta of 0.56.

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.