Fidelity Asian Values (LON:FAS) Shares Cross Below 50-Day Moving Average – Here’s Why

Fidelity Asian Values (LON:FAS) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 503.17 ($6.19) and traded as low as GBX 495.49 ($6.10). Fidelity Asian Values shares last traded at GBX 502 ($6.18), with a volume of 105,536 shares trading hands.

Fidelity Asian Values Price Performance

The stock has a 50-day simple moving average of GBX 503.17 and a 200-day simple moving average of GBX 500.27. The stock has a market cap of £356.47 million, a PE ratio of -6,274.10 and a beta of 0.56.

Insider Activity

In related news, insider Lucy Costa Duarte purchased 3,800 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were acquired at an average price of GBX 523 ($6.44) per share, with a total value of £19,874 ($24,454.29). Insiders own 1.68% of the company’s stock.

About Fidelity Asian Values

Fidelity Asian Values plc is a closed-ended equity mutual fund launched and managed by FIL Investment Services (UK) Limited. The fund is co-managed by FIL Investments International and FIL Investment Management (Hong Kong) Limited. It invests in the public equity markets of Asia, excluding Japan. The fund invests in stocks of companies across all market capitalizations.