Pacific Assets (LON:PAC) Shares Pass Above 50 Day Moving Average – Here’s Why

Pacific Assets (LON:PACGet Free Report) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 370.62 ($4.59) and traded as high as GBX 372.02 ($4.60). Pacific Assets shares last traded at GBX 371 ($4.59), with a volume of 55,693 shares changing hands.

Pacific Assets Stock Performance

The firm has a 50-day moving average price of GBX 370.62 and a two-hundred day moving average price of GBX 374.74. The firm has a market cap of £445.13 million, a price-to-earnings ratio of -7,360.00 and a beta of 0.38.

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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