Pacific Assets (LON:PAC) Sets New 52-Week High – Time to Buy?

Pacific Assets (LON:PACGet Free Report) reached a new 52-week high during trading on Monday . The company traded as high as GBX 395 and last traded at GBX 394, with a volume of 111248 shares. The stock had previously closed at GBX 395.

Pacific Assets Stock Performance

The stock has a market cap of £450.20 million, a PE ratio of -18.67 and a beta of 0.38. The firm has a 50-day moving average price of GBX 373.42 and a 200-day moving average price of GBX 365.27.

About Pacific Assets

(Get Free Report)

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.

Further Reading

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