Fidelity China Special (LON:FCSS) Sets New 52-Week Low – Here’s What Happened

Fidelity China Special (LON:FCSS) hit a new 52-week low during trading on Tuesday. The stock traded as low as GBX 228.50 and last traded at GBX 232, with a volume of 555,984 shares trading hands. The stock had previously closed at GBX 232.50.

Fidelity China Special Trading Down 0.1%

The firm’s fifty day moving average price is GBX 252.55 and its 200 day moving average price is GBX 267.36. The firm has a market capitalization of £1.05 billion, a PE ratio of 7.81 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.