Fidelity China Special (LON:FCSS) Hits New 12-Month High – Should You Buy?

Fidelity China Special (LON:FCSS)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 267.50 ($3.38) and last traded at GBX 266.50 ($3.37), with a volume of 1834534 shares changing hands. The stock had previously closed at GBX 260.50 ($3.29).

Fidelity China Special Trading Up 2.3 %

The stock’s fifty day moving average price is GBX 228.70 and its 200 day moving average price is GBX 211.55. The stock has a market cap of £1.34 billion and a P/E ratio of 1.34.

Fidelity China Special (LON:FCSS) last announced its quarterly earnings data on Monday, December 9th. The company reported GBX 9.05 ($0.11) earnings per share for the quarter. Fidelity China Special had a negative net margin of 561.50% and a positive return on equity of 83.04%. As a group, sell-side analysts forecast 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.