Pacific Assets (LON:PAC) Reaches New 1-Year Low - Should You Sell?

Shares of Pacific Assets (LON:PAC - Get Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 340.22 ($4.30) and last traded at GBX 342 ($4.32), with a volume of 798388 shares changing hands. The stock had previously closed at GBX 349 ($4.41).

Pacific Assets Price Performance

The business's fifty day simple moving average is GBX 362.48 and its two-hundred day simple moving average is GBX 369.42. The company has a market cap of £419.14 million, a PE ratio of 9.83 and a beta of 0.38.

Insider Buying and Selling at Pacific Assets

In related news, insider Nandita Sahgal bought 1,426 shares of the business's stock in a transaction dated Monday, January 13th. The stock was acquired at an average price of GBX 369 ($4.66) per share, with a total value of £5,261.94 ($6,648.06). Also, insider June Ang purchased 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was bought at an average cost of GBX 343 ($4.33) per share, for a total transaction of £34,300 ($43,335.44). Over the last three months, insiders have acquired 14,426 shares of company stock valued at $5,006,194. Company 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.