Fidelity China Special (LON:FCSS) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Fidelity China Special (LON:FCSS)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 314.07 and traded as high as GBX 326. Fidelity China Special shares last traded at GBX 318, with a volume of 1,479,724 shares traded.

Fidelity China Special Trading Up 0.8%

The company has a 50-day moving average of GBX 314.07 and a 200-day moving average of GBX 311.39. The company has a market capitalization of £1.52 billion and a price-to-earnings ratio of 2.85.

Fidelity China Special (LON:FCSS) last issued its quarterly earnings results on Friday, January 16th. The company reported GBX 8.64 earnings per share for the quarter. Fidelity China Special had a positive return on equity of 83.04% and a negative net margin of 561.50%. On average, research analysts expect that Fidelity China Special will post 33.5074627 EPS for the current year.

About Fidelity China Special

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.