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

Key Points

• Pacific Assets shares have fallen below their 50-day moving average of GBX 354.27 ($4.76), closing at GBX 353 ($4.74) amid a trading volume of 746,620 shares.
• The firm has a market capitalization of £414.75 million and an extraordinarily high PE ratio of 948.81.
• Pacific Assets Trust is managed by First State Investment Management (UK) Limited and invests in public equity markets across the Asia-Pacific region, excluding Japan, Australia, and New Zealand.

Pacific Assets (LON:PAC - ) shares passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 354.27 ($4.76) and traded as low as GBX 352 ($4.73). Pacific Assets shares last traded at GBX 353 ($4.74), with a volume of 746,620 shares changing hands.

Pacific Assets Price Performance

The firm has a market capitalization of £414.75 million, a PE ratio of 948.81 and a beta of 0.38. The company's fifty day simple moving average is GBX 354.27 and its 200-day simple moving average is GBX 343.39.

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.

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