Pacific Assets (LON:PAC - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 351.11 ($4.69) and traded as low as GBX 348 ($4.65). Pacific Assets shares last traded at GBX 350 ($4.67), with a volume of 290,569 shares changing hands.
Pacific Assets Stock Down 0.9%
The stock's fifty day moving average is GBX 329.22 and its two-hundred day moving average is GBX 350.65. The firm has a market capitalization of £416.73 million, a price-to-earnings ratio of 9.77 and a beta of 0.38.
Pacific Assets (LON:PAC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The investment trust reported GBX 5.40 ($0.07) EPS for the quarter. Pacific Assets had a return on equity of 8.79% and a net margin of 70.84%.
Insiders Place Their Bets
In other news, insider June Ang purchased 10,000 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was acquired at an average cost of GBX 343 ($4.58) per share, with a total value of £34,300 ($45,812.74). Company insiders own 2.72% of the company's stock.
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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