Fidelity Asian Values (LON:FAS) Hits New 1-Year Low – Here’s What Happened

Fidelity Asian Values (LON:FAS) shares hit a new 52-week low during mid-day trading on Friday. The company traded as low as GBX 536 and last traded at GBX 549.26, with a volume of 42,881 shares trading hands. The stock had previously closed at GBX 556.

Fidelity Asian Values Price Performance

The firm has a market cap of £344.33 million, a PE ratio of 4.99 and a beta of 0.62. The company has a 50 day moving average price of GBX 610.64 and a 200 day moving average price of GBX 609.65.

Fidelity Asian Values (LON:FAS) last posted its earnings results on Friday, October 16th. The company reported GBX 25.18 earnings per share (EPS) for the quarter. Fidelity Asian Values had a return on equity of 5.71% and a net margin of 81.75%. On average, equities analysts anticipate that Fidelity Asian Values will post 102.73 earnings per share for the current fiscal year.

About Fidelity Asian Values

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.