Fidelity Asian Values (LON:FAS) Shares Pass Below 50 Day Moving Average – Time to Sell?

Fidelity Asian Values (LON:FAS)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 504.93 ($6.39) and traded as low as GBX 492.80 ($6.24). Fidelity Asian Values shares last traded at GBX 498 ($6.30), with a volume of 83,268 shares changing hands.

Fidelity Asian Values Stock Performance

The firm’s 50 day simple moving average is GBX 504.93 and its 200-day simple moving average is GBX 506.19. The company has a market capitalization of £350.36 million, a price-to-earnings ratio of -6,225.00 and a beta of 0.56.

Fidelity Asian Values Dividend Announcement

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 is Thursday, November 7th. Fidelity Asian Values’s dividend payout ratio (DPR) is currently -18,750.00%.

Insider Buying and Selling at Fidelity Asian Values

In related news, insider Lucy Costa Duarte purchased 3,800 shares of the stock in a transaction dated Monday, October 14th. The shares were acquired at an average cost of GBX 523 ($6.62) per share, for a total transaction of £19,874 ($25,147.41). Company insiders own 1.68% of the company’s stock.

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.