Fidelity China Special (LON:FCSS) Hits New 12-Month Low – Here’s Why

Fidelity China Special (LON:FCSS)’s stock price hit a new 52-week low on Wednesday. The company traded as low as GBX 239.50 and last traded at GBX 239.87, with a volume of 202,091 shares trading hands. The stock had previously closed at GBX 242.

Fidelity China Special Trading Down 0.9%

The firm’s 50 day moving average is GBX 255.09 and its two-hundred day moving average is GBX 268.62. The firm has a market cap of £1.09 billion, a P/E ratio of 8.06 and a beta of 0.90.

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.