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Pacific Assets (LON:PAC) Shares Cross Above 50-Day Moving Average - Here's Why

Pacific Assets logo with Financial Services background

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 336.92 ($4.52) and traded as high as GBX 344 ($4.62). Pacific Assets shares last traded at GBX 341 ($4.58), with a volume of 359,523 shares.

Pacific Assets Stock Performance

The company has a market capitalization of £414.32 million, a PE ratio of 9.72 and a beta of 0.38. The company has a 50 day moving average price of GBX 336.92 and a 200 day moving average price of GBX 346.69.

Pacific Assets (LON:PAC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The investment trust reported GBX 5.40 ($0.07) earnings per share (EPS) for the quarter. Pacific Assets had a return on equity of 8.79% and a net margin of 70.84%.

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.

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