Pacific Assets (LON:PAC) Hits New 1-Year Low – Here’s What Happened

Pacific Assets (LON:PACGet Free Report)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as GBX 322 ($4.18) and last traded at GBX 322 ($4.18), with a volume of 141215 shares. The stock had previously closed at GBX 335 ($4.35).

Pacific Assets Trading Down 3.9 %

The firm has a market cap of £387.83 million, a price-to-earnings ratio of 9.09 and a beta of 0.38. The firm’s 50 day simple moving average is GBX 344.40 and its two-hundred day simple moving average is GBX 362.29.

Insider Transactions at Pacific Assets

In other Pacific Assets news, insider June Ang bought 10,000 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were purchased at an average price of GBX 343 ($4.45) per share, for a total transaction of £34,300 ($44,539.67). Also, insider Andrew Impey bought 3,000 shares of the stock in a transaction on Wednesday, February 5th. The shares were acquired at an average cost of GBX 350 ($4.54) per share, with a total value of £10,500 ($13,634.59). In the last 90 days, insiders bought 14,426 shares of company stock valued at $5,006,194. Company insiders own 2.72% of the company’s stock.

Pacific Assets Company Profile

(Get Free Report)

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.

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