Pacific Assets (LON:PAC) Shares Cross Below 50 Day Moving Average - Should You Sell?

Key Points

• Pacific Assets shares crossed below their 50-day moving average during trading, indicating a potential bearish trend.
• The company reported earnings of GBX 4 per share, with a net margin of 70.84% and a return on equity of 8.79%.
• Pacific Assets Trust is a closed-ended equity mutual fund that invests in the equity markets of the Asia-Pacific region, excluding Japan, Australia, and New Zealand.

Shares of Pacific Assets (LON:PAC - Get Free Report) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 354.91 ($4.77) and traded as low as GBX 354.39 ($4.76). Pacific Assets shares last traded at GBX 360 ($4.83), with a volume of 213,092 shares.

Pacific Assets Price Performance

The firm has a 50-day moving average of GBX 354.91 and a 200 day moving average of GBX 345.24. The company has a market capitalization of £419.59 million, a PE ratio of -1,706.16 and a beta of 0.38.

Pacific Assets (LON:PAC - Get Free Report) last posted its earnings results on Thursday, October 2nd. The investment trust reported GBX 4 earnings per share (EPS) for the quarter. Pacific Assets had a net margin of 70.84% and a return on equity of 8.79%.

About Pacific Assets

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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