Pacific Assets (LON:PAC) Reaches New 12-Month Low - Time to Sell?

Pacific Assets (LON:PAC - Get Free Report) reached a new 52-week low on Tuesday . The stock traded as low as GBX 335.02 ($4.33) and last traded at GBX 337 ($4.36), with a volume of 449903 shares changing hands. The stock had previously closed at GBX 340 ($4.39).

Pacific Assets Price Performance

The company has a market capitalization of £405.80 million, a PE ratio of 9.52 and a beta of 0.38. The company has a 50-day moving average of GBX 356.16 and a two-hundred day moving average of GBX 366.85.

Insider Buying and Selling at Pacific Assets

In other Pacific Assets news, insider Andrew Impey purchased 3,000 shares of the firm's stock in a transaction on Wednesday, February 5th. The shares were acquired at an average cost of GBX 350 ($4.52) per share, with a total value of £10,500 ($13,571.15). Also, insider Nandita Sahgal purchased 1,426 shares of the firm's stock in a transaction on Monday, January 13th. The shares were acquired at an average cost of GBX 369 ($4.77) per share, for a total transaction of £5,261.94 ($6,801.01). Insiders have acquired a total of 14,426 shares of company stock valued at $5,006,194 over the last ninety days. 2.72% of the stock is currently 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.