Pacific Assets (LON:PAC) Reaches New 52-Week High – Should You Buy?

Pacific Assets (LON:PAC)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 395 and last traded at GBX 394, with a volume of 111248 shares traded. The stock had previously closed at GBX 395.

Pacific Assets Stock Up 1.0%

The firm has a market capitalization of £455.91 million, a price-to-earnings ratio of -18.91 and a beta of 0.38. The business’s 50-day simple moving average is GBX 375.60 and its two-hundred day simple moving average is GBX 366.09.

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. 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.