Pacific Assets (LON:PAC) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Pacific Assets (LON:PACGet Free Report) shares crossed 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.

Pacific Assets Trading Down 0.8 %

The business’s fifty day moving average price is GBX 370.62 and its 200 day moving average price is GBX 374.74. The firm has a market capitalization 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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