Fidelity China Special (LON:FCSS) Reaches New 1-Year High – What’s Next?

Fidelity China Special (LON:FCSS)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 267.50 ($3.37) and last traded at GBX 266.50 ($3.35), with a volume of 1834534 shares traded. The stock had previously closed at GBX 260.50 ($3.28).

Fidelity China Special Stock Performance

The company has a market capitalization of £1.31 billion and a PE ratio of 1.31. The company’s 50-day moving average is GBX 226.82 and its 200 day moving average is GBX 210.49.

Fidelity China Special (LON:FCSS) last issued its earnings results on Monday, December 9th. The company reported GBX 9.05 ($0.11) earnings per share (EPS) for the quarter. Fidelity China Special had a negative net margin of 561.50% and a positive return on equity of 83.04%. On average, analysts forecast that Fidelity China Special will post 33.5074627 EPS for the current fiscal year.

About Fidelity China Special

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.