Fidelity China Special (LON:FCSS) Hits New 12-Month High – Here’s What Happened

Shares of Fidelity China Special (LON:FCSS) reached a new 52-week high during trading on Friday . The company traded as high as GBX 251.55 ($3.16) and last traded at GBX 250.50 ($3.15), with a volume of 515490 shares trading hands. The stock had previously closed at GBX 243 ($3.05).

Fidelity China Special Price Performance

The firm has a market cap of £1.24 billion and a P/E ratio of 1.24. The company’s 50-day moving average is GBX 223.84 and its two-hundred day moving average is GBX 208.52.

Fidelity China Special (LON:FCSS) last issued its quarterly earnings data on Monday, December 9th. The company reported GBX 9.05 ($0.11) earnings per share (EPS) for the quarter. Fidelity China Special had a negative net margin of 561.50% and a positive return on equity of 83.04%. On average, analysts expect that Fidelity China Special will post 33.5074627 EPS for the current fiscal year.

About Fidelity China Special

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.