Pacific Assets (LON:PAC) Shares Cross Above Fifty Day Moving Average - Time to Sell?

Key Points

• Pacific Assets shares have crossed above their 50-day moving average of GBX 351.16, indicating potential upward momentum in trading.
• The stock currently has a market capitalization of £422.75 million and a PE ratio of 9.91, suggesting it may be undervalued compared to its earnings.
• The mutual fund manages investments primarily in the Asia-Pacific equity markets, excluding Japan, Australia, and New Zealand.

Pacific Assets (LON:PAC - )'s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 351.16 ($4.73) and traded as high as GBX 356 ($4.80). Pacific Assets shares last traded at GBX 348 ($4.69), with a volume of 932,210 shares.

Pacific Assets Price Performance

The company's fifty day moving average is GBX 351.16 and its 200-day moving average is GBX 341.46. The stock has a market cap of £422.75 million, a PE ratio of 9.91 and a beta of 0.38.

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.

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