Pacific Assets (LON:PAC) Share Price Crosses Below Fifty Day Moving Average – Here’s Why

Pacific Assets (LON:PACGet Free Report) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 374.65 ($4.86) and traded as low as GBX 367.60 ($4.77). Pacific Assets shares last traded at GBX 373 ($4.84), with a volume of 341,078 shares trading hands.

Pacific Assets Price Performance

The firm’s fifty day moving average price is GBX 374.65 and its 200-day moving average price is GBX 373.49. The company has a market cap of £439.08 million, a price-to-earnings ratio of -7,460.00 and a beta of 0.38.

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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