Fidelity European Trust (LON:FEV) Posts Quarterly Earnings Results

Fidelity European Trust (LON:FEVGet Free Report) posted its quarterly earnings data on Tuesday. The company reported GBX 9.17 EPS for the quarter, Digital Look Earnings reports. Fidelity European Trust had a net margin of 93.61% and a return on equity of 13.99%.

Fidelity European Trust Stock Down 2.0%

Fidelity European Trust stock traded down GBX 8.50 during mid-day trading on Wednesday, reaching GBX 426.50. 815,390 shares of the company’s stock were exchanged, compared to its average volume of 1,075,114. The company has a market cap of £2.09 billion, a P/E ratio of 6.79 and a beta of 1.18. Fidelity European Trust has a twelve month low of GBX 329.50 and a twelve month high of GBX 447.50. The company has a quick ratio of 5.81, a current ratio of 37.14 and a debt-to-equity ratio of 1.38. The company has a fifty day moving average of GBX 432.37 and a 200-day moving average of GBX 418.08.

About Fidelity European Trust

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Fidelity European Trust PLC aims to be the cornerstone long-term investment of choice for those seeking European exposure across market cycles.

The Trust invests predominantly in continental European equities (and their related securities) and up to 20% of gross assets may be invested in companies outside of the continent. It follows a consistent bottom-up approach, seeking to identify companies able to grow dividends over a three to five-year horizon.

Viewed as a whole, the European Union is the world’s second largest economy and home to some of the strongest, most stable and resilient companies.

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