Pacific Assets (LON:PAC) Stock Crosses Above Fifty Day Moving Average - Time to Sell?

Pacific Assets (LON:PAC - Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 370.70 ($4.57) and traded as high as GBX 371.05 ($4.58). Pacific Assets shares last traded at GBX 363 ($4.48), with a volume of 159,257 shares traded.

Pacific Assets Stock Performance

The firm has a market cap of £437.88 million, a P/E ratio of -7,240.00 and a beta of 0.38. The stock's 50-day moving average is GBX 370.70 and its 200 day moving average is GBX 373.70.

Insiders Place Their Bets

In related news, 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 ($4.55) per share, for a total transaction of £5,261.94 ($6,488.21). Corporate insiders own 2.72% of the company's stock.

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.