Pacific Assets (LON:PAC) Stock Passes Above 50 Day Moving Average of $376.86

Pacific Assets (LON:PAC)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 376.86 ($4.87) and traded as high as GBX 378 ($4.89). Pacific Assets shares last traded at GBX 376 ($4.86), with a volume of 82,911 shares changing hands.

Pacific Assets Price Performance

The firm has a market capitalization of £458.44 million, a P/E ratio of -7,580.00 and a beta of 0.41. The firm’s 50 day moving average is GBX 376.92 and its two-hundred day moving average is GBX 365.51.

Pacific Assets Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, July 12th. Stockholders of record on Thursday, June 13th were given a GBX 4 ($0.05) dividend. This represents a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, June 13th. This is an increase from Pacific Assets’s previous dividend of $2.30. Pacific Assets’s dividend payout ratio (DPR) is -8,000.00%.

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.