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

Pacific Assets (LON:PAC)’s stock price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 365.07 and traded as low as GBX 364. Pacific Assets shares last traded at GBX 364, with a volume of 143,627 shares trading hands.

Pacific Assets Price Performance

The company has a market cap of £419.61 million, a PE ratio of -17.32 and a beta of 0.38. The firm has a 50-day simple moving average of GBX 365.07 and a two-hundred day simple moving average of GBX 355.38.

Pacific Assets (LON:PAC) last posted its quarterly earnings data on Thursday, October 2nd. The investment trust reported GBX 4 EPS for the quarter. Pacific Assets had a return on equity of 8.79% and a net margin of 70.84%.

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.