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

Key Points

• Shares of Pacific Assets (LON:PAC) recently crossed above the 50-day moving average, trading at GBX 362 ($4.88) with a volume of 469,199 shares.
• The stock has a market capitalization of £426.52 million and a P/E ratio of 975.74, indicating high valuation concerns.
• Pacific Assets Trust plc focuses on investing in public equity markets in the Asia-Pacific region, excluding Japan, Australia, and New Zealand.

Pacific Assets (LON:PAC - Get Free Report)'s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 353.95 ($4.78) and traded as high as GBX 362 ($4.89). Pacific Assets shares last traded at GBX 362 ($4.89), with a volume of 469,199 shares changing hands.

Pacific Assets Price Performance

The stock has a market cap of £424.16 million, a PE ratio of 970.35 and a beta of 0.38. The stock has a 50-day moving average price of GBX 354.07 and a two-hundred day moving average price of GBX 342.50.

Pacific Assets Company Profile

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.