Fidelity Asian Values (LON:FAS) Shares Down 1.4% – Here’s Why

Fidelity Asian Values (LON:FAS)’s share price dropped 1.4% during trading on Wednesday . The company traded as low as GBX 626 and last traded at GBX 630. Approximately 49,569 shares traded hands during trading, a decline of 46% from the average daily volume of 91,178 shares. The stock had previously closed at GBX 638.89.

Fidelity Asian Values Price Performance

The stock has a market cap of £398.39 million, a PE ratio of 5.69 and a beta of 0.54. The stock has a 50-day moving average of GBX 627.58 and a 200 day moving average of GBX 613.30.

Fidelity Asian Values (LON:FAS) last announced its quarterly earnings data on Monday, March 30th. The company reported GBX 9.37 EPS for the quarter. Fidelity Asian Values had a return on equity of 17.85% and a net margin of 87.46%.The firm had revenue of GBX 759 million for the quarter. Research analysts forecast that Fidelity Asian Values will post 102.734375 EPS for the current fiscal year.

About Fidelity Asian Values

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.