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

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.

Pacific Assets (LON:PAC - ) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-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 ($4.75), with a volume of 89,958 shares.

Pacific Assets Stock Performance

The firm has a market capitalization of £425.16 million, a PE ratio of 9.97 and a beta of 0.38. The stock's 50 day simple moving average is GBX 348.89 and its two-hundred day simple moving average is GBX 341.87.

About Pacific Assets

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.