Fidelity China Special (LON:FCSS) Insider Mike Balfour Acquires 2,063 Shares

Fidelity China Special (LON:FCSS) insider Mike Balfour purchased 2,063 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was bought at an average price of GBX 282 ($3.75) per share, for a total transaction of £5,817.66 ($7,732.14).

Fidelity China Special Trading Up 1.3%

Shares of LON:FCSS opened at GBX 280.50 ($3.73) on Tuesday. Fidelity China Special has a 12-month low of GBX 170.60 ($2.27) and a 12-month high of GBX 292.83 ($3.89). The business’s fifty day simple moving average is GBX 260.24 and its 200-day simple moving average is GBX 252.27. The company has a market capitalization of £1.39 billion and a PE ratio of 1.39.

Fidelity China Special (LON:FCSS) last announced its quarterly earnings results on Tuesday, June 10th. The company reported GBX 10.18 ($0.14) earnings per share (EPS) for the quarter. Fidelity China Special had a positive return on equity of 83.04% and a negative net margin of 561.50%. Research analysts predict that Fidelity China Special will post 33.5074627 EPS for the current year.

Fidelity China Special Company Profile

As the world’s second-largest economy, China is shifting from export-led growth towards an economy driven by domestic consumption. With expanding middle classes, rising incomes and technological innovations driving this change and creating a solid backdrop for companies to thrive, investors seeking an effective globally diversified portfolio may want to consider allocating some of their portfolio to China.

Fidelity China Special Situations PLC provides focused exposure to companies benefiting from this growth opportunity.