Pacific Assets (LON:PAC – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 383 and last traded at GBX 381, with a volume of 446032 shares traded. The stock had previously closed at GBX 373.
Pacific Assets Stock Performance
The business’s 50-day moving average price is GBX 367.65 and its 200 day moving average price is GBX 362.32. The company has a market cap of £435.34 million, a P/E ratio of -18.06 and a beta of 0.38.
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. 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.
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