Fidelity China Special (LON:FCSS – Get Free Report) shares reached a new 52-week low on Tuesday . The company traded as low as GBX 241 and last traded at GBX 242, with a volume of 2348956 shares changing hands. The stock had previously closed at GBX 243.50.
Fidelity China Special Stock Up 0.2%
The business’s 50-day simple moving average is GBX 259.16 and its two-hundred day simple moving average is GBX 274.94. The firm has a market cap of £1.11 billion, a price-to-earnings ratio of 8.20 and a beta of 0.92.
Insider Buying and Selling at Fidelity China Special
In other Fidelity China Special news, insider Mike Balfour purchased 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 14th. The stock was purchased at an average price of GBX 258 per share, for a total transaction of £77,400. 0.10% of the stock is currently owned by corporate insiders.
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.
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