Fidelity Emerging Markets (LON:FEML) Reaches New 12-Month High – Time to Buy?

Fidelity Emerging Markets (LON:FEMLGet Free Report) reached a new 52-week high on Thursday . The stock traded as high as GBX 1,010 and last traded at GBX 1,008, with a volume of 148355 shares. The stock had previously closed at GBX 1,008.

Fidelity Emerging Markets Price Performance

The company’s fifty day moving average price is GBX 967.38 and its two-hundred day moving average price is GBX 878.86. The company has a market cap of £459.93 million, a price-to-earnings ratio of 5.51 and a beta of 0.64.

Insider Activity

In other Fidelity Emerging Markets news, insider Mark Little purchased 1,019 shares of the business’s stock in a transaction that occurred on Wednesday, October 8th. The stock was acquired at an average cost of GBX 982 per share, with a total value of £10,006.58. 0.10% of the stock is owned by corporate insiders.

About Fidelity Emerging Markets

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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.

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