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

Pacific Assets (LON:PACGet Free Report) shares reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 411 and last traded at GBX 411, with a volume of 77179 shares. The stock had previously closed at GBX 407.

Pacific Assets Stock Performance

The firm has a fifty day simple moving average of GBX 381.29 and a 200 day simple moving average of GBX 376.18. The company has a market capitalization of £469.62 million, a PE ratio of -111.08 and a beta of 0.66.

Pacific Assets (LON:PACGet Free Report) last released its quarterly earnings data on Friday, May 1st. The investment trust reported GBX 5.60 EPS for the quarter. Pacific Assets had a negative return on equity of 0.93% and a negative net margin of 29.27%.The company had revenue of GBX 991 million for the quarter.

Pacific Assets Company Profile

(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.

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