Pacific Assets (LON:PAC – Get Free Report)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 416.68 and traded as high as GBX 425. Pacific Assets shares last traded at GBX 423, with a volume of 92,411 shares changing hands.
Pacific Assets Stock Performance
The stock has a market cap of £482.19 million, a P/E ratio of -114.05 and a beta of 0.65. The firm has a 50-day moving average price of GBX 416.58 and a 200-day moving average price of GBX 402.66.
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. The fund primarily invests in growth stocks of companies, with an emphasis on companies which are well positioned to benefit from and contribute to sustainable development of the countries in which they operate.
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