Pacific Assets (LON:PAC) Stock Passes Above 50 Day Moving Average – What’s Next?

Pacific Assets (LON:PAC) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 384.41 and traded as high as GBX 408. Pacific Assets shares last traded at GBX 407, with a volume of 93,615 shares changing hands.

Pacific Assets Stock Up 1.8%

The firm has a market capitalization of £465.05 million, a PE ratio of -110.00 and a beta of 0.66. The business’s 50-day moving average price is GBX 384.41 and its 200-day moving average price is GBX 377.73.

Pacific Assets (LON:PAC) last announced its quarterly earnings data on Friday, May 1st. The investment trust reported GBX 5.60 EPS for the quarter. Pacific Assets had a negative net margin of 29.27% and a negative return on equity of 0.93%. The firm had revenue of GBX 991 million for the quarter.

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. The fund primarily invests in growth stocks of companies, with an emphasis on companies which are well positioned to benefit from and contribute to sustainable development of the countries in which they operate.