Fidelity Asian Values (LON:FAS) Stock Passes Below 50-Day Moving Average – Should You Sell?

Fidelity Asian Values (LON:FAS) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 498.15 ($6.27) and traded as low as GBX 483.13 ($6.08). Fidelity Asian Values shares last traded at GBX 487 ($6.13), with a volume of 299,997 shares trading hands.

Fidelity Asian Values Stock Performance

The stock’s 50 day moving average is GBX 497.81 and its 200 day moving average is GBX 499.38. The company has a market capitalization of £339.05 million, a PE ratio of 29.74 and a beta of 0.56.

Fidelity Asian Values Company Profile

Fidelity Asian Values PLC provides shareholders with a differentiated equity exposure to Asian Markets. Asia is the world’s fastest-growing economic region and the trust looks to capitalise on this by finding good businesses, run by good people and buying them at a good price.

The Trust favours smaller companies as this gives it the opportunity to find mispriced businesses, the “winners of tomorrow”, before they become well known.

With more than 18,000 listed companies in Asia – which is more than the rest of the world put together – there is a huge opportunity for a fundamental research driven stock picker who can fully utilise Fidelity’s extensive locally based analyst team.