Fidelity China Special (LON:FCSS) Reaches New 12-Month High – Time to Buy?

Fidelity China Special (LON:FCSS)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 267.50 ($3.37) and last traded at GBX 266.50 ($3.35), with a volume of 1834534 shares trading hands. The stock had previously closed at GBX 260.50 ($3.28).

Fidelity China Special Stock Up 1.5 %

The company has a market capitalization of £1.31 billion and a PE ratio of 1.31. The stock’s fifty day moving average price is GBX 226.82 and its two-hundred day moving average price is GBX 210.49.

Fidelity China Special (LON:FCSS) last posted its earnings results on Monday, December 9th. The company reported GBX 9.05 ($0.11) earnings per share (EPS) for the quarter. Fidelity China Special had a positive return on equity of 83.04% and a negative net margin of 561.50%. On average, equities research analysts forecast that Fidelity China Special will post 33.5074627 EPS for the current year.

Fidelity China Special Company Profile

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.