Pacific Assets (LON:PAC - Get Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 327.80 ($4.36) and traded as high as GBX 340 ($4.52). Pacific Assets shares last traded at GBX 340 ($4.52), with a volume of 626,680 shares trading hands.
Pacific Assets Stock Up 1.5 %
The company has a fifty day moving average price of GBX 327.80 and a two-hundred day moving average price of GBX 352.04. The firm has a market capitalization of £415.53 million, a price-to-earnings ratio of 9.74 and a beta of 0.38.
Pacific Assets (LON:PAC - Get Free Report) last announced its 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%.
Insiders Place Their Bets
In other Pacific Assets news, insider June Ang purchased 10,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were acquired at an average cost of GBX 343 ($4.56) per share, for a total transaction of £34,300 ($45,599.57). 2.72% of the stock is owned by company insiders.
About Pacific Assets
(
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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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