Pacific Assets (LON:PAC – Get Free Report) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 403.20 and traded as high as GBX 426. Pacific Assets shares last traded at GBX 423, with a volume of 819,969 shares changing hands.
Pacific Assets Price Performance
The stock has a market capitalization of £482.19 million, a P/E ratio of -114.05 and a beta of 0.66. The firm has a 50 day moving average of GBX 403.20 and a 200-day moving average of GBX 383.97.
Pacific Assets (LON:PAC – Get Free Report) last issued its quarterly earnings results on Friday, May 1st. The investment trust reported GBX 5.60 earnings per share (EPS) for the quarter. Pacific Assets had a negative return on equity of 0.93% and a negative net margin of 29.27%.The firm had revenue of GBX 991 million for the quarter.
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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