Fidelity European Trust (LON:FEV – Get Free Report) announced its quarterly earnings results on Tuesday. The company reported GBX 9.17 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Fidelity European Trust had a return on equity of 13.99% and a net margin of 93.61%.
Fidelity European Trust Stock Down 2.1%
Shares of FEV traded down GBX 9.30 during trading hours on Wednesday, hitting GBX 425.70. 1,259,155 shares of the company were exchanged, compared to its average volume of 1,077,665. The firm’s 50 day moving average is GBX 432.37 and its 200-day moving average is GBX 418.08. Fidelity European Trust has a 52 week low of GBX 329.50 and a 52 week high of GBX 447.50. The company has a debt-to-equity ratio of 1.38, a quick ratio of 5.81 and a current ratio of 37.14. The company has a market cap of £2.09 billion, a PE ratio of 6.78 and a beta of 1.18.
About Fidelity European Trust
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. It follows a consistent bottom-up approach, seeking to identify companies able to grow dividends over a three to five-year horizon.
Viewed as a whole, the European Union is the world’s second largest economy and home to some of the strongest, most stable and resilient companies.
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