Fidelity Asian Values (LON:FAS) Sets New 52-Week High – Here’s Why

Fidelity Asian Values (LON:FAS)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 672 and last traded at GBX 664, with a volume of 94418 shares changing hands. The stock had previously closed at GBX 662.

Fidelity Asian Values Trading Up 0.6%

The company has a fifty day moving average price of GBX 622.72 and a two-hundred day moving average price of GBX 602.04. The firm has a market cap of £428.61 million, a P/E ratio of 10.69 and a beta of 0.56.

About Fidelity Asian Values

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.