Fidelity Asian Values (LON:FAS) Stock Passes Below Fifty Day Moving Average – What’s Next?

Fidelity Asian Values (LON:FAS) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 499.58 ($6.31) and traded as low as GBX 493.02 ($6.23). Fidelity Asian Values shares last traded at GBX 496 ($6.27), with a volume of 150,908 shares traded.

Fidelity Asian Values Stock Up 0.6 %

The business’s 50-day moving average price is GBX 499.32 and its 200-day moving average price is GBX 499.40. The firm has a market capitalization of £347.40 million, a PE ratio of 30.47 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.