Pacific Assets (LON:PAC – Get Free Report)’s share price hit a new 52-week high on Monday . The company traded as high as GBX 378 and last traded at GBX 370, with a volume of 461761 shares traded. The stock had previously closed at GBX 374.
Pacific Assets Trading Down 1.1%
The company’s 50-day moving average is GBX 367.05 and its 200-day moving average is GBX 361.42. The firm has a market cap of £422.77 million, a price-to-earnings ratio of -17.54 and a beta of 0.38.
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.
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