Pacific Assets (LON:PAC – Get Free Report)’s share price reached a new 52-week high on Tuesday . The company traded as high as GBX 435 and last traded at GBX 429, with a volume of 112035 shares. The stock had previously closed at GBX 418.80.
Pacific Assets Stock Performance
The business’s fifty day moving average price is GBX 391.86 and its two-hundred day moving average price is GBX 380.37. The stock has a market capitalization of £487.90 million, a P/E ratio of -115.41 and a beta of 0.66.
Pacific Assets (LON:PAC – Get Free Report) last posted its earnings results on Friday, May 1st. The investment trust reported GBX 5.60 earnings per share 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.
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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