Fidelity Emerging Markets (LON:FEML) Sets New 52-Week High – What’s Next?

Fidelity Emerging Markets (LON:FEMLGet Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 1,010 and last traded at GBX 1,008, with a volume of 148355 shares trading hands. The stock had previously closed at GBX 1,008.

Fidelity Emerging Markets Price Performance

The company has a market cap of £459.93 million, a P/E ratio of 5.51 and a beta of 0.64. The business has a 50-day moving average price of GBX 967.38 and a two-hundred day moving average price of GBX 878.86.

Insiders Place Their Bets

In other news, insider Mark Little acquired 508 shares of the company’s stock in a transaction on Thursday, October 9th. The stock was purchased at an average cost of GBX 983 per share, with a total value of £4,993.64. Corporate insiders own 0.10% of the company’s stock.

About Fidelity Emerging Markets

(Get Free Report)

Fidelity Emerging Markets Limited (FEML) draws on Fidelity’s resources across the globe to build a carefully curated portfolio of companies with a strong growth runway. High-quality emerging market companies should deliver strong and sustainable investment returns over the long term but keeping an eye on potential risks is vital.

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