Fidelity China Special (LON:FCSS) Reaches New 1-Year Low – Here’s What Happened

Fidelity China Special (LON:FCSSGet Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 241 and last traded at GBX 242, with a volume of 2348956 shares changing hands. The stock had previously closed at GBX 243.50.

Fidelity China Special Price Performance

The business’s 50 day moving average price is GBX 259.74 and its 200 day moving average price is GBX 275.97. The firm has a market cap of £1.10 billion, a PE ratio of 8.10 and a beta of 0.92.

Insider Transactions at Fidelity China Special

In other news, insider Mike Balfour acquired 30,000 shares of the stock in a transaction that occurred on Tuesday, July 14th. The shares were bought at an average cost of GBX 258 per share, for a total transaction of £77,400. Insiders own 0.10% of the company’s stock.

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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