Pacific Assets (LON:PAC) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Pacific Assets (LON:PAC) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 380.96 and traded as high as GBX 381.28. Pacific Assets shares last traded at GBX 380, with a volume of 65,737 shares.

Pacific Assets Stock Performance

The business has a 50-day moving average of GBX 380.96 and a 200-day moving average of GBX 368.49. The stock has a market capitalization of £434.20 million, a price-to-earnings ratio of -18.01 and a beta of 0.53.

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. The fund primarily invests in growth stocks of companies, with an emphasis on companies which are well positioned to benefit from and contribute to sustainable development of the countries in which they operate.