Fidelity European Trust (LON:FEV) Stock Price Passes Above 50 Day Moving Average – What’s Next?

by · The Markets Daily

Fidelity European Trust (LON:FEV – Get Free Report) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 353.71 ($4.35) and traded as high as GBX 359 ($4.42). Fidelity European Trust shares last traded at GBX 358.12 ($4.41), with a volume of 910,606 shares traded.

Fidelity European Trust Trading Up 0.3 %

The firm has a market capitalization of £1.47 billion, a price-to-earnings ratio of 619.72 and a beta of 0.80. The stock has a fifty day moving average price of GBX 353.71 and a 200-day moving average price of GBX 374.82.

Insiders Place Their Bets

In other news, insider Ivan Rogers acquired 4,180 shares of the firm’s stock in a transaction on Thursday, October 17th. The shares were purchased at an average cost of GBX 366 ($4.50) per share, with a total value of £15,298.80 ($18,824.66). Corporate insiders own 0.77% of the company’s stock.

About Fidelity European Trust

(Get Free Report)

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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