Pacific Assets (LON:PAC) Issues Quarterly Earnings Results

Pacific Assets (LON:PAC) announced its quarterly earnings results on Thursday. The investment trust reported GBX 4 earnings per share for the quarter, Digital Look Earnings reports. Pacific Assets had a net margin of 70.84% and a return on equity of 8.79%.

Pacific Assets Stock Performance

Shares of PAC opened at GBX 358 on Friday. The company’s 50-day simple moving average is GBX 354.18 and its 200-day simple moving average is GBX 343.81. Pacific Assets has a 1 year low of GBX 287 and a 1 year high of GBX 390. The stock has a market capitalization of £421.81 million, a PE ratio of 964.96 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.