Fidelity Asian Values (LON:FAS) Hits New 1-Year High – Time to Buy?

Fidelity Asian Values (LON:FAS)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 628 and last traded at GBX 628, with a volume of 57362 shares traded. The stock had previously closed at GBX 620.

Fidelity Asian Values Stock Performance

The company has a 50 day moving average of GBX 602.83 and a 200 day moving average of GBX 589.40. The stock has a market capitalization of £401.35 million, a price-to-earnings ratio of 9.99 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.