Pacific Assets (LON:PAC) Stock Passes Above Fifty Day Moving Average – Time to Sell?

Shares of Pacific Assets (LON:PAC) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 362.14 and traded as high as GBX 375.70. Pacific Assets shares last traded at GBX 374.50, with a volume of 1,528,572 shares trading hands.

Pacific Assets Stock Down 1.1%

The stock has a market cap of £425.92 million, a P/E ratio of -17.58 and a beta of 0.38. The firm’s 50 day simple moving average is GBX 362.14 and its two-hundred day simple moving average is GBX 352.69.

Pacific Assets (LON:PAC) last posted its quarterly earnings results 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.