Shares of Pacific Assets (LON:PAC – Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 340.04 ($4.67) and traded as high as GBX 343 ($4.71). Pacific Assets shares last traded at GBX 340.50 ($4.67), with a volume of 149,931 shares traded.
Pacific Assets Price Performance
The company has a market cap of £415.42 million, a price-to-earnings ratio of 9.74 and a beta of 0.38. The firm has a 50 day simple moving average of GBX 340.04 and a 200-day simple moving average of GBX 345.41.
Pacific Assets (LON:PAC – Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The investment trust reported GBX 5.40 ($0.07) earnings per share for the quarter. Pacific Assets had a return on equity of 8.79% and a net margin of 70.84%.
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.
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