Fidelity Asian Values (LON:FAS) Share Price Passes Below 50 Day Moving Average – Here’s Why

Fidelity Asian Values (LON:FAS) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 501.74 ($6.26) and traded as low as GBX 492.20 ($6.14). Fidelity Asian Values shares last traded at GBX 499 ($6.23), with a volume of 31,510 shares trading hands.

Fidelity Asian Values Stock Performance

The firm’s 50-day moving average price is GBX 501.74 and its 200 day moving average price is GBX 499.55. The company has a market cap of £353.10 million, a price-to-earnings ratio of -6,214.88 and a beta of 0.56.

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.