Fidelity Emerging Markets (LON:FEML) Sets New 52-Week High – Here’s Why

Fidelity Emerging Markets (LON:FEML)’s share price hit a new 52-week high during trading on Monday . The company traded as high as GBX 1,100 and last traded at GBX 1,096.13, with a volume of 17590 shares changing hands. The stock had previously closed at GBX 1,084.

Fidelity Emerging Markets Stock Up 1.0%

The stock has a market capitalization of £499.57 million, a P/E ratio of 5.98 and a beta of 0.64. The stock has a 50 day simple moving average of GBX 992.98 and a two-hundred day simple moving average of GBX 913.10.

Insider Activity

In other Fidelity Emerging Markets news, insider Mark Little bought 508 shares of the firm’s stock in a transaction that occurred on Thursday, October 9th. The shares were acquired at an average cost of GBX 983 per share, with a total value of £4,993.64. 0.10% of the stock is currently owned by insiders.

Fidelity Emerging Markets Company Profile

Fidelity Emerging Markets Limited (FEML) draws on Fidelity’s resources across the globe to build a carefully curated portfolio of companies with a strong growth runway. High-quality emerging market companies should deliver strong and sustainable investment returns over the long term but keeping an eye on potential risks is vital. These markets may be more volatile, and company valuations can move to extreme levels in both directions. We strive to ensure our investors can profit from emerging markets’ growth without experiencing every bump in the road.

Three Key Reasons to invest:

Compelling structural growth

The world ‘s emerging markets, whose younger, more dynamic economies provide fertile ground for companies to thrive, are home to opportunities that can’t be found elsewhere.

Research expertise on the ground

We are embedded in these markets around the globe.