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Fidelity China Special (LON:FCSS) Reaches New 12-Month High - Time to Buy?

Fidelity China Special logo with Financial Services background

Fidelity China Special (LON:FCSS - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 251.55 ($3.17) and last traded at GBX 250.50 ($3.16), with a volume of 515490 shares changing hands. The stock had previously closed at GBX 243 ($3.07).

Fidelity China Special Trading Up 2.8 %

The company's fifty day simple moving average is GBX 225.20 and its 200 day simple moving average is GBX 209.50. The firm has a market capitalization of £1.29 billion and a P/E ratio of 1.29.

Fidelity China Special (LON:FCSS - Get Free Report) last posted its earnings results on Monday, December 9th. The company reported GBX 9.05 ($0.11) earnings per share for the quarter. Fidelity China Special had a positive return on equity of 83.04% and a negative net margin of 561.50%. On average, analysts predict that Fidelity China Special will post 33.5074627 earnings per share for the current fiscal year.

About Fidelity China Special

(Get Free Report)

As the world's second-largest economy, China is shifting from export-led growth towards an economy driven by domestic consumption. With expanding middle classes, rising incomes and technological innovations driving this change and creating a solid backdrop for companies to thrive, investors seeking an effective globally diversified portfolio may want to consider allocating some of their portfolio to China. Fidelity China Special Situations PLC provides focused exposure to companies benefiting from this growth opportunity.

Further Reading

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