Pacific Assets (LON:PAC) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Pacific Assets (LON:PACGet 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

(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. 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.

Further Reading

Receive News & Ratings for Pacific Assets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pacific Assets and related companies with MarketBeat.com's FREE daily email newsletter.