Pacific Assets (LON:PAC) Shares Cross Above 50-Day Moving Average – Here’s What Happened
by Doug Wharley · The Cerbat GemPacific Assets (LON:PAC – Get Free Report)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 379.22 and traded as high as GBX 386. Pacific Assets shares last traded at GBX 377, with a volume of 403,811 shares traded.
Pacific Assets Stock Performance
The company has a market capitalization of £430.77 million, a PE ratio of -17.87 and a beta of 0.65. The stock’s 50-day moving average is GBX 379.22 and its two-hundred day moving average is GBX 370.57.
Pacific Assets Company Profile
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.