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

Fidelity Asian Values (LON:FAS)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-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 changing hands.

Fidelity Asian Values Stock Performance

The stock has a market cap of £347.40 million, a price-to-earnings ratio of 30.47 and a beta of 0.56. The company’s 50 day simple moving average is GBX 499.32 and its 200 day simple moving average is GBX 499.40.

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.