Fidelity Emerging Markets (LON:FEML) Stock Price Up 2.5%

Fidelity Emerging Markets Limited (LON:FEML)’s stock price traded up 2.5% on Tuesday . The stock traded as high as GBX 613.50 ($7.53) and last traded at GBX 613.50 ($7.53). 48,653 shares were traded during trading, a decline of 15% from the average session volume of 57,146 shares. The stock had previously closed at GBX 598.60 ($7.35).

Fidelity Emerging Markets Stock Performance

The firm’s 50 day simple moving average is GBX 590.39 and its 200-day simple moving average is GBX 589.86. The company has a market cap of £558.90 million, a price-to-earnings ratio of 4,719.23 and a beta of 0.64.

Fidelity Emerging Markets Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 16th will be paid a $0.19 dividend. The ex-dividend date is Thursday, November 16th. This represents a yield of 2.63%. Fidelity Emerging Markets’s dividend payout ratio is currently 11,538.46%.

Insider Activity

In related news, insider Julian Healy purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The stock was purchased at an average cost of GBX 585 ($7.18) per share, with a total value of £58,500 ($71,840.84). Corporate insiders own 0.08% of the company’s stock.

About Fidelity Emerging Markets

Fidelity Emerging Markets Limited is a closed ended equity mutual fund launched by Genesis Asset Managers, LLP. The fund is managed by Genesis Investment Management, LLP. It invests in the public equity markets of emerging countries across the globe. The fund invests in stocks of companies operating across diversified sectors.