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Pacific Assets (LON:PAC) Shares Cross Below 200 Day Moving Average - Should You Sell?

Pacific Assets logo with Financial Services background

Pacific Assets (LON:PAC - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 374.74 ($4.68) and traded as low as GBX 368 ($4.60). Pacific Assets shares last traded at GBX 368 ($4.60), with a volume of 84,268 shares trading hands.

Pacific Assets Stock Performance

The firm has a fifty day simple moving average of GBX 371.25 and a 200-day simple moving average of GBX 374.72. The company has a market capitalization of £449.97 million, a PE ratio of -7,440.00 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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