Pacific Assets (LON:PAC) Stock Passes Above 50-Day Moving Average – Here’s Why

Pacific Assets (LON:PAC) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 409.02 and traded as high as GBX 430. Pacific Assets shares last traded at GBX 426.99, with a volume of 180,574 shares trading hands.

Pacific Assets Trading Down 1.4%

The business has a fifty day simple moving average of GBX 409.84 and a two-hundred day simple moving average of GBX 386.77. The company has a market cap of £482.19 million, a PE ratio of -114.05 and a beta of 0.66.

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

Pacific Assets Company Profile

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.