Fidelity European Trust (LON:FEV) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Fidelity European Trust (LON:FEV) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 354.93 ($4.39) and traded as low as GBX 347.50 ($4.30). Fidelity European Trust shares last traded at GBX 352 ($4.36), with a volume of 125,423 shares trading hands.

Fidelity European Trust Stock Down 1.6 %

The stock has a market cap of £1.42 billion, a price-to-earnings ratio of 600.86 and a beta of 0.80. The company’s 50-day moving average is GBX 354.67 and its 200-day moving average is GBX 375.92.

Insider Activity

In other news, insider Ivan Rogers bought 4,180 shares of Fidelity European Trust stock in a transaction dated Thursday, October 17th. The shares were bought at an average price of GBX 366 ($4.53) per share, for a total transaction of £15,298.80 ($18,936.50). Corporate insiders own 0.77% of the company’s stock.

Fidelity European Trust Company Profile

Fidelity European Trust PLC aims to be the cornerstone long-term investment of choice for those seeking European exposure across market cycles.

The Trust invests predominantly in continental European equities (and their related securities) and up to 20% of gross assets may be invested in companies outside of the continent.