Fidelity Asian Values (LON:FAS) Shares Pass Below Fifty Day Moving Average – Should You Sell?

Fidelity Asian Values (LON:FAS) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 488.78 ($6.47) and traded as low as GBX 470 ($6.22). Fidelity Asian Values shares last traded at GBX 472 ($6.25), with a volume of 48,873 shares trading hands.

Fidelity Asian Values Stock Performance

The stock has a market capitalization of £328.61 million, a price-to-earnings ratio of 28.82 and a beta of 0.56. The firm’s fifty day simple moving average is GBX 488.78 and its 200 day simple moving average is GBX 499.32.

Fidelity Asian Values (LON:FAS) last issued its earnings results on Tuesday, March 25th. The company reported GBX 7.88 ($0.10) earnings per share for the quarter. Fidelity Asian Values had a return on equity of 3.04% and a net margin of 50.86%. Analysts forecast that Fidelity Asian Values will post 102.734375 earnings per share for the current year.

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.