Fidelity Asian Values (LON:FAS) Shares Pass Below 50 Day Moving Average – Here’s Why

Fidelity Asian Values (LON:FAS) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 504.19 ($6.31) and traded as low as GBX 504 ($6.31). Fidelity Asian Values shares last traded at GBX 504 ($6.31), with a volume of 28,100 shares trading hands.

Fidelity Asian Values Trading Down 0.8 %

The firm has a market capitalization of £355.10 million, a P/E ratio of -6,250.00 and a beta of 0.56. The business has a 50 day moving average of GBX 504.19 and a 200-day moving average of GBX 500.71.

Fidelity Asian Values Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 7th were given a dividend of GBX 14.50 ($0.18) per share. This represents a dividend yield of 2.8%. The ex-dividend date was Thursday, November 7th. Fidelity Asian Values’s dividend payout ratio is -18,750.00%.

Insider Activity at Fidelity Asian Values

In other news, insider Lucy Costa Duarte bought 3,800 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The shares were acquired at an average price of GBX 523 ($6.54) per share, with a total value of £19,874 ($24,867.37). 1.68% of the stock is currently owned by 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.