Pacific Assets (LON:PAC) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Pacific Assets (LON:PAC) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 396.40 and traded as high as GBX 425.10. Pacific Assets shares last traded at GBX 413.03, with a volume of 128,522 shares traded.

Pacific Assets Stock Down 1.0%

The stock’s 50-day moving average price is GBX 396.40 and its 200 day moving average price is GBX 381.71. The firm has a market cap of £468.48 million, a price-to-earnings ratio of -110.81 and a beta of 0.66.

Pacific Assets (LON:PAC) last released its earnings results on Friday, May 1st. The investment trust reported GBX 5.60 earnings per share for the quarter. The business had revenue of GBX 991 million for the quarter. Pacific Assets had a negative return on equity of 0.93% and a negative net margin of 29.27%.

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.