Pacific Assets (LON:PAC) Stock Crosses Above Fifty Day Moving Average – Time to Sell?

Pacific Assets (LON:PAC)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 409.02 and traded as high as GBX 430. Pacific Assets shares last traded at GBX 426.99, with a volume of 180,574 shares.

Pacific Assets Stock Performance

The company has a market capitalization of £480.48 million, a P/E ratio of -113.65 and a beta of 0.66. The firm’s fifty day moving average is GBX 409.02 and its 200 day moving average is GBX 386.52.

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

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.