Pacific Assets (LON:PAC) Reaches New 52-Week Low - Here's What Happened

Shares of Pacific Assets (LON:PAC - Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as GBX 332 ($4.30) and last traded at GBX 332 ($4.30), with a volume of 93314 shares. The stock had previously closed at GBX 336.92 ($4.36).

Pacific Assets Stock Performance

The firm has a market cap of £403.48 million, a PE ratio of 9.46 and a beta of 0.38. The stock's 50 day simple moving average is GBX 353.06 and its 200 day simple moving average is GBX 365.59.

Insider Activity

In other Pacific Assets news, insider Nandita Sahgal acquired 1,426 shares of the business's stock in a transaction dated Monday, January 13th. The stock was bought at an average price of GBX 369 ($4.78) per share, with a total value of £5,261.94 ($6,815.98). Also, insider June Ang acquired 10,000 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was acquired at an average cost of GBX 343 ($4.44) per share, with a total value of £34,300 ($44,430.05). In the last 90 days, insiders acquired 14,426 shares of company stock valued at $5,006,194. Corporate insiders own 2.72% of the company's stock.

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.