Fidelity European Trust (LON:FEV) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Fidelity European Trust (LON:FEV) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 407.08 and traded as high as GBX 415.73. Fidelity European Trust shares last traded at GBX 412.24, with a volume of 785,035 shares trading hands.

Fidelity European Trust Stock Performance

The stock has a market cap of £2.10 billion, a price-to-earnings ratio of 6.70 and a beta of 1.21. The company’s 50 day simple moving average is GBX 408.27 and its 200 day simple moving average is GBX 414.79.

Fidelity European Trust (LON:FEV) last released its quarterly earnings results on Wednesday, March 18th. The company reported GBX 11.30 EPS for the quarter. Fidelity European Trust had a net margin of 93.61% and a return on equity of 13.99%. Sell-side analysts predict that Fidelity European Trust will post 62.9906542 EPS for the current year.

Insider Activity at Fidelity European Trust

In related news, insider Milyae Park purchased 4,000 shares of the company’s stock in a transaction on Tuesday, March 24th. The shares were bought at an average cost of GBX 384 per share, for a total transaction of £15,360. Company insiders own 0.07% of the company’s stock.

About Fidelity European Trust

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. 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.