Pacific Assets (LON:PAC) Shares Pass Above 50-Day Moving Average – Here’s Why

Pacific Assets (LON:PACGet Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 370.62 ($4.60) and traded as high as GBX 372.02 ($4.62). Pacific Assets shares last traded at GBX 371 ($4.61), with a volume of 55,693 shares traded.

Pacific Assets Price Performance

The firm’s fifty day moving average is GBX 370.58 and its 200 day moving average is GBX 374.67. The firm has a market capitalization of £448.76 million, a price-to-earnings ratio of -7,420.00 and a beta of 0.38.

Pacific Assets Company Profile

(Get Free Report)

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.

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