Fidelity China Special (LON:FCSS) Hits New 1-Year High – Should You Buy?

Fidelity China Special (LON:FCSSGet Free Report)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as GBX 251.55 ($3.16) and last traded at GBX 250.50 ($3.15), with a volume of 515490 shares. The stock had previously closed at GBX 243 ($3.05).

Fidelity China Special Price Performance

The business has a 50 day moving average price of GBX 223.84 and a 200 day moving average price of GBX 208.52. The stock has a market capitalization of £1.24 billion and a PE ratio of 1.24.

Fidelity China Special (LON:FCSSGet Free Report) last announced 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 negative net margin of 561.50% and a positive return on equity of 83.04%. On average, equities analysts expect that Fidelity China Special will post 33.5074627 earnings per share for the current year.

About Fidelity China Special

(Get Free Report)

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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