Pacific Assets (LON:PAC) Stock Passes Below 50-Day Moving Average – What’s Next?

Pacific Assets (LON:PACGet Free Report)’s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 370.90 ($4.53) and traded as low as GBX 366 ($4.47). Pacific Assets shares last traded at GBX 368 ($4.49), with a volume of 117,920 shares traded.

Pacific Assets Stock Performance

The stock has a market cap of £445.13 million, a P/E ratio of -7,360.00 and a beta of 0.38. The firm’s 50 day moving average is GBX 370.90 and its 200 day moving average is GBX 374.33.

Pacific Assets Company Profile

(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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