Fidelity China Special (LON:FCSS) Hits New 12-Month High - Still a Buy?

Shares of Fidelity China Special (LON:FCSS - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 267.50 ($3.38) and last traded at GBX 266.50 ($3.37), with a volume of 1834534 shares. The stock had previously closed at GBX 260.50 ($3.29).

Fidelity China Special Trading Up 2.3 %

The stock has a market capitalization of £1.34 billion and a PE ratio of 1.34. The stock has a 50 day moving average price of GBX 228.70 and a 200-day moving average price of GBX 211.55.

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

Fidelity China Special Company Profile

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.