Pacific Assets (LON:PAC) Reaches New 1-Year Low - What's Next?

Shares of Pacific Assets (LON:PAC - Get Free Report) hit a new 52-week low during trading on Thursday . The company traded as low as GBX 322 ($4.11) and last traded at GBX 322 ($4.11), with a volume of 141215 shares. The stock had previously closed at GBX 335 ($4.28).

Pacific Assets Stock Performance

The firm has a market capitalization of £372.17 million, a PE ratio of 8.73 and a beta of 0.38. The stock's 50-day simple moving average is GBX 339.78 and its 200-day simple moving average is GBX 360.16.

Insider Activity at Pacific Assets

In other Pacific Assets news, insider Andrew Impey purchased 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was bought at an average cost of GBX 350 ($4.47) per share, for a total transaction of £10,500 ($13,416.82). Also, insider Nandita Sahgal acquired 1,426 shares of the company's stock in a transaction that occurred on Monday, January 13th. The shares were acquired at an average cost of GBX 369 ($4.72) per share, for a total transaction of £5,261.94 ($6,723.66). Insiders have purchased 14,426 shares of company stock worth $5,006,194 over the last 90 days. 2.72% of the stock is owned by company insiders.

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.