Fidelity Emerging Markets (LON:FEML) Trading Up 0.2% - Time to Buy?

Fidelity Emerging Markets (LON:FEML - Get Free Report) rose 0.2% during mid-day trading on Friday . The stock traded as high as GBX 708 ($8.64) and last traded at GBX 693 ($8.46). Approximately 626,612 shares traded hands during mid-day trading, an increase of 347% from the average daily volume of 140,106 shares. The stock had previously closed at GBX 691.90 ($8.45).

Fidelity Emerging Markets Trading Up 0.2 %

The business's fifty day moving average price is GBX 686.02 and its 200 day moving average price is GBX 691.77. The firm has a market capitalization of £631.32 million, a price-to-earnings ratio of 5,330.77 and a beta of 0.64.

Insiders Place Their Bets

In other Fidelity Emerging Markets news, insider Mark Little acquired 2,850 shares of the business's stock in a transaction on Monday, October 14th. The stock was purchased at an average price of GBX 701 ($8.56) per share, for a total transaction of £19,978.50 ($24,393.77). 0.08% of the stock is owned by insiders.

About Fidelity Emerging Markets

Fidelity Emerging Markets Limited (FEML) draws on Fidelity's resources across the globe to build a carefully curated portfolio of companies with a strong growth runway. High-quality emerging market companies should deliver strong and sustainable investment returns over the long term but keeping an eye on potential risks is vital.