Fidelity European Trust (LON:FEV) Share Price Crosses Above 50-Day Moving Average – Here’s Why

Fidelity European Trust (LON:FEVGet Free Report)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 354.63 ($4.31) and traded as high as GBX 375.50 ($4.57). Fidelity European Trust shares last traded at GBX 373.50 ($4.54), with a volume of 635,424 shares.

Fidelity European Trust Stock Performance

The company’s fifty day moving average price is GBX 354.63 and its 200 day moving average price is GBX 373.39. The firm has a market capitalization of £1.53 billion, a price-to-earnings ratio of 643.97 and a beta of 0.80.

Fidelity European Trust Company Profile

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Fidelity European Trust PLC aims to be the cornerstone long-term investment of choice for those seeking European exposure across market cycles.

The Trust invests predominantly in continental European equities (and their related securities) and up to 20% of gross assets may be invested in companies outside of the continent.

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