Pacific Assets (LON:PAC – Get Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 435 and last traded at GBX 429, with a volume of 112035 shares trading hands. The stock had previously closed at GBX 418.80.
Pacific Assets Trading Up 2.4%
The firm has a 50 day simple moving average of GBX 389.32 and a 200 day simple moving average of GBX 379.59. The firm has a market capitalization of £490.19 million, a PE ratio of -115.95 and a beta of 0.66.
Pacific Assets (LON:PAC – Get Free Report) last issued its earnings results on Friday, May 1st. The investment trust reported GBX 5.60 EPS 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.
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