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Fidelity European Trust (LON:FEV) Share Price Passes Above Fifty Day Moving Average - Should You Sell?

Fidelity European Trust logo with Financial Services background
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Fidelity European Trust (LON:FEV - Get Free Report) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 386.91 ($5.00) and traded as high as GBX 406.50 ($5.25). Fidelity European Trust shares last traded at GBX 406.50 ($5.25), with a volume of 913,459 shares trading hands.

Fidelity European Trust Price Performance

The stock has a market cap of £1.63 billion, a price-to-earnings ratio of 7.88 and a beta of 0.80. The company's 50 day moving average is GBX 388.64 and its 200 day moving average is GBX 372.63.

Fidelity European Trust (LON:FEV - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The company reported GBX 10.41 ($0.13) earnings per share (EPS) for the quarter. Fidelity European Trust had a net margin of 93.84% and a return on equity of 12.65%. Sell-side analysts predict that Fidelity European Trust will post 62.9906542 earnings per share for the current year.

Fidelity European Trust Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Thursday, March 27th will be given a dividend of GBX 5.50 ($0.07) per share. This represents a yield of 1.36%. This is an increase from Fidelity European Trust's previous dividend of $3.60. The ex-dividend date is Thursday, March 27th. Fidelity European Trust's payout ratio is presently 15.86%.

Fidelity European Trust Company Profile

(Get Free Report)

Fidelity European Trust PLC aims to be the cornerstone long-term investment of choice for those seeking European exposure across market cycles. The Trust invests predominantly in continental European equities (and their related securities) and up to 20% of gross assets may be invested in companies outside of the continent.

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