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Pacific Assets (LON:PAC) Stock Passes Above 50-Day Moving Average - Should You Sell?

Pacific Assets logo with Financial Services background

Shares of Pacific Assets (LON:PAC - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 330.82 ($4.48) and traded as high as GBX 344 ($4.66). Pacific Assets shares last traded at GBX 344 ($4.66), with a volume of 47,040 shares traded.

Pacific Assets Trading Up 1.2%

The stock has a 50-day moving average price of GBX 330.82 and a 200 day moving average price of GBX 348.77. The stock has a market capitalization of £414.32 million, a price-to-earnings ratio of 9.72 and a beta of 0.38.

Pacific Assets (LON:PAC - Get Free Report) last issued 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%.

Pacific Assets Company Profile

(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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