Fidelity European Trust (LON:FEV) Stock Passes Above 50 Day Moving Average – Here’s Why

Fidelity European Trust (LON:FEVGet Free Report)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 353.71 ($4.32) and traded as high as GBX 359 ($4.38). Fidelity European Trust shares last traded at GBX 358.12 ($4.37), with a volume of 910,606 shares changing hands.

Fidelity European Trust Stock Performance

The company has a market capitalization of £1.46 billion, a PE ratio of 614.66 and a beta of 0.80. The company has a 50 day moving average price of GBX 353.72 and a 200 day moving average price of GBX 374.55.

Insider Activity

In other news, insider Ivan Rogers acquired 4,180 shares of Fidelity European Trust stock in a transaction that occurred on Thursday, October 17th. The shares were purchased at an average cost of GBX 366 ($4.47) per share, for a total transaction of £15,298.80 ($18,679.85). Company insiders own 0.77% of the company’s stock.

About Fidelity European Trust

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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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