Fidelity European Trust (LON:FEV) Announces Earnings Results

Fidelity European Trust (LON:FEV) posted its quarterly earnings results on Tuesday. The company reported GBX 9.17 earnings per share 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 Price Performance

Shares of Fidelity European Trust stock traded down GBX 1 during trading hours on Tuesday, reaching GBX 435. The company’s stock had a trading volume of 1,766,098 shares, compared to its average volume of 1,083,644. The firm has a 50 day moving average price of GBX 432.30 and a 200-day moving average price of GBX 418.09. The company has a debt-to-equity ratio of 1.38, a current ratio of 37.14 and a quick ratio of 5.81. The stock has a market cap of £2.13 billion, a P/E ratio of 6.93 and a beta of 1.18. Fidelity European Trust has a one year low of GBX 329.50 and a one year high of GBX 447.50.

About Fidelity European Trust

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.