Fidelity Asian Values (LON:FAS) Stock Passes Below Fifty Day Moving Average - Here's Why

Fidelity Asian Values (LON:FAS - Get Free Report)'s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 504.93 ($6.39) and traded as low as GBX 492.80 ($6.24). Fidelity Asian Values shares last traded at GBX 498 ($6.30), with a volume of 83,268 shares changing hands.

Fidelity Asian Values Trading Down 0.1 %

The firm has a fifty day simple moving average of GBX 504.93 and a 200 day simple moving average of GBX 506.19. The stock has a market cap of £353.30 million, a price-to-earnings ratio of -6,166.53 and a beta of 0.56.

Fidelity Asian Values Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 7th will be paid a GBX 14.50 ($0.18) dividend. The ex-dividend date is Thursday, November 7th. This represents a dividend yield of 2.8%. Fidelity Asian Values's dividend payout ratio is currently -18,750.00%.

Insider Activity

In other Fidelity Asian Values news, insider Lucy Costa Duarte purchased 3,800 shares of the firm's stock in a transaction that occurred on Monday, October 14th. The shares were acquired at an average cost of GBX 523 ($6.62) per share, for a total transaction of £19,874 ($25,147.41). Corporate insiders own 1.68% of the company's stock.

About Fidelity Asian Values

Fidelity Asian Values plc is a closed-ended equity mutual fund launched and managed by FIL Investment Services (UK) Limited. The fund is co-managed by FIL Investments International and FIL Investment Management (Hong Kong) Limited. It invests in the public equity markets of Asia, excluding Japan. The fund invests in stocks of companies across all market capitalizations.