Fidelity Emerging Markets (LON:FEML) Reaches New 52-Week High – Should You Buy?

Fidelity Emerging Markets (LON:FEMLGet Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 1,002 and last traded at GBX 1,000, with a volume of 186213 shares trading hands. The stock had previously closed at GBX 998.

Fidelity Emerging Markets Stock Performance

The company has a market cap of £639.10 million, a price-to-earnings ratio of 5.46 and a beta of 0.64. The stock’s fifty day simple moving average is GBX 960.46 and its 200 day simple moving average is GBX 868.54.

Insider Activity at Fidelity Emerging Markets

In related news, insider Mark Little bought 508 shares of the company’s stock in a transaction on Thursday, October 9th. The stock was bought at an average cost of GBX 983 per share, for a total transaction of £4,993.64. Corporate insiders own 0.22% of the company’s stock.

Fidelity Emerging Markets Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Fidelity Emerging Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Emerging Markets and related companies with MarketBeat.com's FREE daily email newsletter.