Pacific Assets (LON:PAC) Shares Pass Below 50 Day Moving Average – Should You Sell?

Pacific Assets (LON:PAC) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 367.10 and traded as low as GBX 359.73. Pacific Assets shares last traded at GBX 361, with a volume of 80,104 shares changing hands.

Pacific Assets Trading Down 0.3%

The company has a market cap of £412.49 million, a P/E ratio of -17.11 and a beta of 0.38. The business’s fifty day moving average is GBX 367.10 and its 200 day moving average is GBX 357.60.

Pacific Assets (LON:PAC) last released its quarterly earnings data on Thursday, October 2nd. The investment trust reported GBX 4 EPS for the quarter. Pacific Assets had a net margin of 70.84% and a return on equity of 8.79%.

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.