Pacific Assets (LON:PAC) Reaches New 1-Year Low – What’s Next?

Pacific Assets (LON:PAC) reached a new 52-week low on Tuesday . The stock traded as low as GBX 345 ($4.29) and last traded at GBX 355 ($4.42), with a volume of 252333 shares trading hands. The stock had previously closed at GBX 354 ($4.40).

Pacific Assets Trading Up 0.3 %

The firm has a market capitalization of £429.41 million, a price-to-earnings ratio of -7,100.00 and a beta of 0.38. The firm has a 50 day moving average price of GBX 368.62 and a two-hundred day moving average price of GBX 372.03.

Insider Activity

In other news, insider Nandita Sahgal acquired 1,426 shares of Pacific Assets stock in a transaction dated Monday, January 13th. The shares were acquired at an average cost of GBX 369 ($4.59) per share, with a total value of £5,261.94 ($6,546.33). 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.