Fidelity European Trust (LON:FEV) Releases Quarterly Earnings Results
by Danessa Lincoln · The Markets DailyFidelity European Trust (LON:FEV – Get Free Report) announced its earnings results on Tuesday. The company reported GBX 9.17 earnings per share for the quarter, Digital Look Earnings reports. Fidelity European Trust had a net margin of 93.61% and a return on equity of 13.99%.
Fidelity European Trust Stock Down 0.4%
Shares of LON FEV traded down GBX 1.69 during trading on Tuesday, hitting GBX 434.31. 945,669 shares of the company traded hands, compared to its average volume of 1,078,901. The company has a debt-to-equity ratio of 1.38, a quick ratio of 5.81 and a current ratio of 37.14. The business’s fifty day moving average is GBX 432.30 and its 200 day moving average is GBX 418.09. The firm has a market capitalization of £2.13 billion, a price-to-earnings ratio of 6.92 and a beta of 1.18. Fidelity European Trust has a fifty-two week low of GBX 329.50 and a fifty-two week high of GBX 447.50.
About Fidelity European Trust
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. It follows a consistent bottom-up approach, seeking to identify companies able to grow dividends over a three to five-year horizon.
Viewed as a whole, the European Union is the world’s second largest economy and home to some of the strongest, most stable and resilient companies.
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