Fidelity Asian Values (LON:FAS) Stock Crosses Below Two Hundred Day Moving Average - What's Next?

Fidelity Asian Values (LON:FAS - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 499.73 ($6.21) and traded as low as GBX 494 ($6.14). Fidelity Asian Values shares last traded at GBX 494 ($6.14), with a volume of 49,370 shares changing hands.

Fidelity Asian Values Price Performance

The company has a fifty day simple moving average of GBX 501.72 and a 200-day simple moving average of GBX 499.65. The company has a market cap of £356.52 million, a P/E ratio of -6,275.00 and a beta of 0.56.

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.