Fidelity Emerging Markets (LON:FEML) Trading Down 0.9% – Time to Sell?

Fidelity Emerging Markets (LON:FEML) shares fell 0.9% during mid-day trading on Thursday . The company traded as low as GBX 665 ($8.47) and last traded at GBX 671 ($8.55). Approximately 34,064 shares were traded during trading, a decline of 80% from the average session volume of 169,954 shares. The stock had previously closed at GBX 677 ($8.62).

Fidelity Emerging Markets Stock Down 0.2 %

The stock has a market cap of £610.19 million, a PE ratio of 5,152.31 and a beta of 0.64. The company’s fifty day moving average is GBX 684.37 and its 200 day moving average is GBX 692.83.

Fidelity Emerging Markets Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 14th will be paid a $0.20 dividend. This represents a dividend yield of 2.24%. The ex-dividend date of this dividend is Thursday, November 14th. This is an increase from Fidelity Emerging Markets’s previous dividend of $0.19. Fidelity Emerging Markets’s dividend payout ratio (DPR) is currently 11,538.46%.

Insider Buying and Selling

In related news, insider Mark Little bought 2,850 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The shares were acquired at an average cost of GBX 701 ($8.93) per share, for a total transaction of £19,978.50 ($25,447.08). 0.08% of the stock is owned by corporate insiders.

About Fidelity Emerging Markets

Fidelity Emerging Markets Limited is a closed ended equity mutual fund launched by Genesis Asset Managers, LLP. The fund is managed by Genesis Investment Management, LLP. It invests in the public equity markets of emerging countries across the globe. The fund invests in stocks of companies operating across diversified sectors.