Fidelity China Special (LON:FCSS) Issues Earnings Results

Fidelity China Special (LON:FCSSGet Free Report) announced its quarterly earnings data on Tuesday. The company reported GBX 9.22 earnings per share (EPS) for the quarter, Digital Look Earnings reports. The business had revenue of GBX 3,791 million during the quarter. Fidelity China Special had a return on equity of 35.31% and a net margin of 93.41%.

Fidelity China Special Stock Up 0.3%

Shares of Fidelity China Special stock opened at GBX 278.78 on Tuesday. The stock’s 50-day simple moving average is GBX 289.18 and its 200-day simple moving average is GBX 302.67. Fidelity China Special has a 52 week low of GBX 241 and a 52 week high of GBX 339. The company has a market capitalization of £1.28 billion, a price-to-earnings ratio of 2.48 and a beta of 0.88.

Fidelity China Special Company Profile

(Get Free Report)

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.

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