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Pacific Assets (LON:PAC) Stock Crosses Below Fifty Day Moving Average - Here's Why

Pacific Assets logo with Financial Services background

Shares of Pacific Assets (LON:PAC - Get Free Report) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 374.65 ($4.86) and traded as low as GBX 367.60 ($4.77). Pacific Assets shares last traded at GBX 373 ($4.84), with a volume of 341,078 shares trading hands.

Pacific Assets Stock Performance

The business has a 50 day moving average of GBX 374.58 and a 200-day moving average of GBX 373.61. The stock has a market cap of £451.18 million, a PE ratio of -7,460.00 and a beta of 0.38.

About Pacific Assets

(Get Free Report)

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.

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