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Pacific Assets (LON:PAC) Stock Crosses Above 50 Day Moving Average - Time to Sell?

Pacific Assets logo with Financial Services background

Key Points

  • Pacific Assets shares have crossed above their 50-day moving average during recent trading, indicating a potential upward trend.
  • The company's market capitalization stands at £425.16 million, with a PE ratio of 9.97 and a low beta of 0.38.
  • Pacific Assets Trust plc focuses on investing in public equity markets within the Asia-Pacific region, excluding Japan, Australia, and New Zealand.
  • MarketBeat previews the top five stocks to own by October 1st.

Pacific Assets (LON:PAC - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 348.89 ($4.69) and traded as high as GBX 358 ($4.81). Pacific Assets shares last traded at GBX 353 ($4.74), with a volume of 89,958 shares traded.

Pacific Assets Trading Down 0.3%

The company's 50 day moving average is GBX 349.30 and its 200 day moving average is GBX 341.45. The stock has a market capitalization of £423.96 million, a price-to-earnings ratio of 9.94 and a beta of 0.38.

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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