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Pacific Assets (LON:PAC) Share Price Crosses Above 50-Day Moving Average - Should You Sell?

Pacific Assets logo with Financial Services background

Key Points

  • Shares of Pacific Assets (LON:PAC) have crossed above their fifty-day moving average of GBX 353.03, with the stock trading as high as GBX 357 during recent trading sessions.
  • The company's market capitalization stands at £417.53 million and it has a notably high price-to-earnings ratio of 955.18.
  • Pacific Assets Trust plc primarily invests in public equity markets of the Asia-Pacific region, excluding Japan, Australia, and New Zealand.
  • Five stocks we like better than Pacific Assets.

Shares of Pacific Assets (LON:PAC - Get Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 353.03 ($4.82) and traded as high as GBX 357 ($4.87). Pacific Assets shares last traded at GBX 354.50 ($4.84), with a volume of 279,840 shares.

Pacific Assets Trading Up 0.8%

The company has a market cap of £420.63 million, a PE ratio of 962.26 and a beta of 0.38. The company's 50 day moving average is GBX 353.49 and its 200 day moving average is GBX 341.88.

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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