Fidelity China Special (LON:FCSS) Reaches New 52-Week High – Here’s Why

Fidelity China Special (LON:FCSS)’s stock price reached a new 52-week high on Thursday . The company traded as high as GBX 267.50 ($3.38) and last traded at GBX 266.50 ($3.37), with a volume of 1834534 shares trading hands. The stock had previously closed at GBX 260.50 ($3.29).

Fidelity China Special Stock Up 2.3 %

The firm has a market capitalization of £1.34 billion and a PE ratio of 1.34. The firm’s fifty day simple moving average is GBX 228.70 and its 200-day simple moving average is GBX 211.55.

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