Fidelity China Special (LON:FCSS) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Fidelity China Special (LON:FCSS) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 260.42 and traded as high as GBX 267. Fidelity China Special shares last traded at GBX 263, with a volume of 520,020 shares.

Fidelity China Special Trading Down 0.8%

The company has a 50 day simple moving average of GBX 260.18 and a 200-day simple moving average of GBX 283.86. The stock has a market cap of £1.19 billion, a price-to-earnings ratio of 8.81 and a beta of 0.91.

Fidelity China Special (LON:FCSS) last issued its quarterly earnings results on Tuesday, June 9th. The company reported GBX 9.22 EPS for the quarter. The company had revenue of GBX 3,791 million for the quarter. Fidelity China Special had a return on equity of 9.12% and a net margin of 81.41%. Equities analysts forecast that Fidelity China Special will post 33.5074627 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Fidelity China Special news, insider Mike Balfour acquired 30,000 shares of Fidelity China Special stock in a transaction dated Tuesday, July 14th. The stock was bought at an average cost of GBX 258 per share, for a total transaction of £77,400. 0.11% of the stock is owned by company insiders.

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.