Fidelity Investment Trust – Fidelity Special Values (LON:FSV) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

Fidelity Investment Trust – Fidelity Special Values PLC (LON:FSV)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 463.64 and traded as high as GBX 468. Fidelity Investment Trust – Fidelity Special Values shares last traded at GBX 463, with a volume of 328,342 shares trading hands.

Fidelity Investment Trust – Fidelity Special Values Price Performance

The business’s fifty day moving average price is GBX 463.64 and its 200 day moving average price is GBX 437.82. The stock has a market cap of £1.50 billion, a P/E ratio of 4.23 and a beta of 1.28.

About Fidelity Investment Trust – Fidelity Special Values

Fidelity Special Values PLC’s aim is to achieve long term capital growth for investors by investing in special situations. It is an actively managed contrarian Investment Trust that thrives on volatility and uncertainty.

London is one of, if not the, most important of the world’s financial centres. Focused on the UK market but with up to 20% invested in overseas stock markets, this Investment Trust looks for stocks that are undervalued by the market and whose growth potential isn’t yet appreciated by other investors.

By understanding the downside and identifying the potential for change it allows the trust to invest in unloved stocks with potential for positive change.