Fidelity China Special (LON:FCSS) Hits New 1-Year Low – Here’s Why

Fidelity China Special (LON:FCSS)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 244.50 and last traded at GBX 244.50, with a volume of 390795 shares changing hands. The stock had previously closed at GBX 249.

Fidelity China Special Trading Up 0.8%

The firm has a market capitalization of £1.13 billion, a price-to-earnings ratio of 2.19 and a beta of 0.88. The stock’s 50-day moving average is GBX 283.14 and its 200-day moving average is GBX 298.24.

Fidelity China Special (LON:FCSS) last issued its earnings results on Tuesday, June 9th. The company reported GBX 9.22 earnings per share for the quarter. The firm had revenue of GBX 3,791 million for the quarter. Fidelity China Special had a net margin of 81.41% and a return on equity of 9.12%. On average, equities research analysts anticipate that Fidelity China Special will post 33.5074627 EPS for the current fiscal 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.