Pacific Assets (LON:PAC – Get Free Report)’s share price hit a new 52-week low on Tuesday . The stock traded as low as GBX 335.02 ($4.26) and last traded at GBX 337 ($4.28), with a volume of 449903 shares trading hands. The stock had previously closed at GBX 340 ($4.32).
Pacific Assets Price Performance
The firm has a market cap of £405.89 million, a P/E ratio of 9.52 and a beta of 0.38. The stock’s 50 day moving average is GBX 358.88 and its two-hundred day moving average is GBX 367.79.
Insider Buying and Selling at Pacific Assets
In other news, insider Andrew Impey bought 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average price of GBX 350 ($4.45) per share, for a total transaction of £10,500 ($13,343.50). Also, insider June Ang purchased 10,000 shares of Pacific Assets stock in a transaction on Wednesday, February 19th. The stock was purchased at an average price of GBX 343 ($4.36) per share, for a total transaction of £34,300 ($43,588.77). Over the last ninety days, insiders have purchased 14,426 shares of company stock valued at $5,006,194. 2.72% of the stock is currently owned by corporate insiders.
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.
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