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

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.

Shares of Pacific Assets (LON:PAC - ) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 353.03 ($4.79) and traded as high as GBX 357 ($4.85). Pacific Assets shares last traded at GBX 354.50 ($4.81), with a volume of 279,840 shares traded.

Pacific Assets Price Performance

The company's 50-day simple moving average is GBX 353.03 and its 200-day simple moving average is GBX 341.66. The stock has a market capitalization of £417.53 million, a price-to-earnings ratio of 955.18 and a beta of 0.38.

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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