Pacific Assets (LON:PAC – Get Free Report)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 367.05 and traded as high as GBX 374.35. Pacific Assets shares last traded at GBX 374, with a volume of 368,229 shares traded.
Pacific Assets Price Performance
The company has a fifty day moving average of GBX 367.05 and a two-hundred day moving average of GBX 361.34. The stock has a market capitalization of £427.34 million, a P/E ratio of -17.73 and a beta of 0.38.
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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