Pacific Assets (LON:PAC) Shares Pass Below 50-Day Moving Average – Here’s Why

Pacific Assets (LON:PAC) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 370.18 ($4.61) and traded as low as GBX 346.05 ($4.31). Pacific Assets shares last traded at GBX 350 ($4.35), with a volume of 513,391 shares changing hands.

Pacific Assets Stock Down 0.2 %

The stock has a market cap of £422.49 million, a PE ratio of -6,985.60 and a beta of 0.38. The stock has a fifty day moving average of GBX 370.18 and a 200-day moving average of GBX 372.93.

Insider Buying and Selling at Pacific Assets

In related news, insider Nandita Sahgal purchased 1,426 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was acquired at an average price of GBX 369 ($4.59) per share, for a total transaction of £5,261.94 ($6,547.14). Company insiders own 2.72% of the company’s stock.

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.