Pacific Assets (LON:PAC) Stock Price Crosses Above 50-Day Moving Average – Here’s Why
by Amy Steele · The Cerbat GemPacific Assets (LON:PAC – Get Free Report) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 379.80 and traded as high as GBX 395.30. Pacific Assets shares last traded at GBX 395, with a volume of 96,358 shares.
Pacific Assets Stock Performance
The stock’s 50 day moving average price is GBX 379.80 and its 200-day moving average price is GBX 371.80. The company has a market cap of £451.34 million, a PE ratio of -18.72 and a beta of 0.65.
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.