Pacific Assets (LON:PAC) Reaches New 1-Year Low – Should You Sell?

Pacific Assets (LON:PAC) shares hit a new 52-week low during trading on Monday . The company traded as low as GBX 332 ($4.29) and last traded at GBX 332 ($4.29), with a volume of 93314 shares trading hands. The stock had previously closed at GBX 336.92 ($4.36).

Pacific Assets Stock Performance

The stock has a 50-day simple moving average of GBX 356.16 and a 200 day simple moving average of GBX 366.70. The stock has a market capitalization of £399.87 million, a P/E ratio of 9.38 and a beta of 0.38.

Insider Activity at Pacific Assets

In other Pacific Assets news, insider June Ang bought 10,000 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was bought at an average price of GBX 343 ($4.43) per share, for a total transaction of £34,300 ($44,338.16). Also, insider Nandita Sahgal bought 1,426 shares of the business’s stock in a transaction on Monday, January 13th. The stock was bought at an average cost of GBX 369 ($4.77) per share, for a total transaction of £5,261.94 ($6,801.89). Insiders have bought a total of 14,426 shares of company stock worth $5,006,194 over the last 90 days. Insiders own 2.72% of the company’s stock.

About Pacific Assets

Pacific Assets Trust plc is a closed ended equity mutual fund launched by Frostrow Capital LLP. It is managed by First State Investment Management (UK) Limited. The fund invests in public equity markets of the Asia-Pacific region, excluding Japan, Australia, and New Zealand. It seeks to invest in stocks of companies operating across diversified sectors.