Fidelity Emerging Markets (LON:FEML) Shares Up 0.2% – Here’s Why

Fidelity Emerging Markets (LON:FEML) shares shot up 0.2% during trading on Friday . The stock traded as high as GBX 708 ($8.64) and last traded at GBX 693 ($8.46). 626,612 shares changed hands during trading, an increase of 347% from the average session volume of 140,106 shares. The stock had previously closed at GBX 691.90 ($8.45).

Fidelity Emerging Markets Stock Up 0.2 %

The firm has a market capitalization of £631.32 million, a PE ratio of 5,330.77 and a beta of 0.64. The firm has a 50-day moving average price of GBX 686.02 and a 200 day moving average price of GBX 691.77.

Insider Activity

In other Fidelity Emerging Markets news, insider Mark Little purchased 2,850 shares of the business’s stock in a transaction on Monday, October 14th. The shares were bought at an average cost of GBX 701 ($8.56) per share, for a total transaction of £19,978.50 ($24,393.77). Insiders own 0.08% of the company’s stock.

Fidelity Emerging Markets Company Profile

Fidelity Emerging Markets Limited (FEML) draws on Fidelity’s resources across the globe to build a carefully curated portfolio of companies with a strong growth runway. High-quality emerging market companies should deliver strong and sustainable investment returns over the long term but keeping an eye on potential risks is vital.