Fidelity Investment Trust – Fidelity Special Values (LON:FSV) Hits New 12-Month High – Here’s Why

Fidelity Investment Trust – Fidelity Special Values PLC (LON:FSV) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 475.50 and last traded at GBX 475.50, with a volume of 241765 shares trading hands. The stock had previously closed at GBX 475.

Fidelity Investment Trust – Fidelity Special Values Price Performance

The company has a market cap of £1.54 billion, a price-to-earnings ratio of 4.35 and a beta of 1.27. The business’s fifty day moving average price is GBX 440.96 and its 200 day moving average price is GBX 433.26.

Fidelity Investment Trust – Fidelity Special Values Company Profile

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.