Pacific Assets (LON:PAC) Sets New 1-Year High – Should You Buy?

Shares of Pacific Assets (LON:PACGet Free Report) hit a new 52-week high on Tuesday . The stock traded as high as GBX 413 and last traded at GBX 413, with a volume of 183907 shares. The stock had previously closed at GBX 407.

Pacific Assets Stock Performance

The company’s fifty day moving average price is GBX 385.05 and its two-hundred day moving average price is GBX 377.97. The firm has a market capitalization of £471.91 million, a PE ratio of -111.62 and a beta of 0.66.

Pacific Assets (LON:PACGet Free Report) last released its quarterly earnings data on Friday, May 1st. The investment trust reported GBX 5.60 earnings per share (EPS) for the quarter. Pacific Assets had a negative net margin of 29.27% and a negative return on equity of 0.93%. The company had revenue of GBX 991 million during the quarter.

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.

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