Fidelity Asian Values (LON:FAS) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Fidelity Asian Values (LON:FAS)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 499.18 ($6.47) and traded as high as GBX 514 ($6.67). Fidelity Asian Values shares last traded at GBX 508 ($6.59), with a volume of 78,440 shares trading hands.

Fidelity Asian Values Price Performance

The company’s 50-day moving average price is GBX 499.18 and its two-hundred day moving average price is GBX 507.23. The company has a market capitalization of £364.11 million, a price-to-earnings ratio of -6,350.00 and a beta of 0.56.

Fidelity Asian Values Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 7th will be given a GBX 14.50 ($0.19) dividend. This represents a dividend yield of 2.8%. The ex-dividend date is Thursday, November 7th. Fidelity Asian Values’s dividend payout ratio (DPR) is presently -18,750.00%.

Insider Activity

In other Fidelity Asian Values news, insider Lucy Costa Duarte purchased 3,800 shares of the business’s stock in a transaction on Monday, October 14th. The shares were purchased at an average cost of GBX 523 ($6.78) per share, for a total transaction of £19,874 ($25,773.57). In other news, insider Clare Brady bought 2,484 shares of the stock in a transaction dated Tuesday, August 6th. The shares were bought at an average cost of GBX 483 ($6.26) per share, with a total value of £11,997.72 ($15,559.23). Also, insider Lucy Costa Duarte purchased 3,800 shares of Fidelity Asian Values stock in a transaction that occurred on Monday, October 14th. The stock was acquired at an average cost of GBX 523 ($6.78) per share, with a total value of £19,874 ($25,773.57). 1.68% of the stock is owned by company insiders.

About Fidelity Asian Values

Fidelity Asian Values plc is a closed-ended equity mutual fund launched and managed by FIL Investment Services (UK) Limited. The fund is co-managed by FIL Investments International and FIL Investment Management (Hong Kong) Limited. It invests in the public equity markets of Asia, excluding Japan. The fund invests in stocks of companies across all market capitalizations.