Free Trial

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

Pacific Assets logo with Financial Services background

Shares of Pacific Assets (LON:PAC - Get Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 342.90 ($4.68) and traded as high as GBX 354 ($4.83). Pacific Assets shares last traded at GBX 349 ($4.76), with a volume of 58,491 shares traded.

Pacific Assets Stock Performance

The stock has a 50-day simple moving average of GBX 342.90 and a 200 day simple moving average of GBX 344.46. The company has a market cap of £420.35 million, a price-to-earnings ratio of 9.86 and a beta of 0.38.

Pacific Assets (LON:PAC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The investment trust reported GBX 5.40 ($0.07) earnings per share (EPS) for the quarter. Pacific Assets had a return on equity of 8.79% and a net margin of 70.84%.

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.

Further Reading

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.

Should You Invest $1,000 in Pacific Assets Right Now?

Before you consider Pacific Assets, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pacific Assets wasn't on the list.

While Pacific Assets currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

2025 Gold Forecast: A Perfect Storm for Demand Cover

Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Cheap Growth Stocks Set to Explode This Summer
The Next NVIDIA? Quantum Computing Stocks Set for Explosive Growth
5 Stocks to BUY NOW in July 2025

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines