Insider Buying: Fidelity China Special (LON:FCSS) Insider Purchases £77,400 in Stock

Fidelity China Special (LON:FCSS) insider Mike Balfour purchased 30,000 shares of the firm’s stock in a transaction on Tuesday, July 14th. The stock was bought at an average cost of GBX 258 per share, for a total transaction of £77,400.

Fidelity China Special Trading Up 1.1%

Shares of LON:FCSS traded up GBX 2.92 during trading on Wednesday, reaching GBX 259.92. 519,128 shares of the company traded hands, compared to its average volume of 1,070,782. Fidelity China Special has a 52-week low of GBX 241.01 and a 52-week high of GBX 339. The firm has a market capitalization of £1.18 billion, a price-to-earnings ratio of 8.74 and a beta of 0.88. The business’s fifty day moving average is GBX 273.49 and its 200-day moving average is GBX 293.85.

Fidelity China Special (LON:FCSS) last posted its quarterly earnings results on Tuesday, June 9th. The company reported GBX 9.22 EPS for the quarter. The company had revenue of GBX 3,791 million during the quarter. Fidelity China Special had a net margin of 81.41% and a return on equity of 9.12%. On average, sell-side analysts predict that Fidelity China Special will post 33.5074627 earnings per share for the current fiscal 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.