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

Shares of Fidelity Asian Values (LON:FAS) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 504.93 ($6.33) and traded as low as GBX 492.80 ($6.18). Fidelity Asian Values shares last traded at GBX 498 ($6.24), with a volume of 83,268 shares traded.

Fidelity Asian Values Price Performance

The business’s 50 day simple moving average is GBX 505.27 and its 200 day simple moving average is GBX 506.12. The company has a market capitalization of £353.68 million, a PE ratio of -6,225.00 and a beta of 0.56.

Fidelity Asian Values Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 7th will be paid a dividend of GBX 14.50 ($0.18) per share. This represents a yield of 2.8%. The ex-dividend date of this dividend is Thursday, November 7th. Fidelity Asian Values’s dividend payout ratio (DPR) is presently -18,750.00%.

Insiders Place Their Bets

In related news, insider Lucy Costa Duarte purchased 3,800 shares of the company’s stock in a transaction on Monday, October 14th. The stock was acquired at an average cost of GBX 523 ($6.56) per share, for a total transaction of £19,874 ($24,914.13). 1.68% of the stock is 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.