Fidelity European Trust (LON:FEV) Shares Pass Above Fifty Day Moving Average of $379.60

Fidelity European Trust PLC (LON:FEV)’s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 379.60 ($4.73) and traded as high as GBX 386.50 ($4.81). Fidelity European Trust shares last traded at GBX 381 ($4.74), with a volume of 657,894 shares traded.

Fidelity European Trust Price Performance

The firm has a market capitalization of £1.56 billion, a PE ratio of 659.55 and a beta of 0.80. The stock’s 50-day moving average price is GBX 380.51 and its 200 day moving average price is GBX 355.27.

Fidelity European Trust Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Thursday, March 28th will be given a dividend of GBX 4.99 ($0.06) per share. The ex-dividend date is Thursday, March 28th. This is a positive change from Fidelity European Trust’s previous dividend of $3.26. This represents a dividend yield of 1.3%. Fidelity European Trust’s dividend payout ratio (DPR) is 1,379.31%.

Fidelity European Trust Company Profile

Fidelity European Trust PLC is an open-ended equity fund launched and managed by FIL Investment Services (UK) Limited. It is co-managed by FIL Investments International Limited. The fund invests in the public equity markets of Continental Europe. It makes its investments in stocks of companies operating across diversified sectors.