Fidelity China Special (LON:FCSS) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Shares of Fidelity China Special (LON:FCSS) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 279.03 and traded as low as GBX 247.38. Fidelity China Special shares last traded at GBX 251.50, with a volume of 1,057,843 shares trading hands.

Fidelity China Special Stock Performance

The firm has a market cap of £1.18 billion, a P/E ratio of 2.28 and a beta of 0.88. The stock has a fifty day simple moving average of GBX 278.23 and a 200 day simple moving average of GBX 296.27.

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