Pacific Assets (LON:PAC) Sets New 1-Year Low – Time to Sell?

Shares of Pacific Assets (LON:PAC) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 340.22 ($4.31) and last traded at GBX 342 ($4.33), with a volume of 798388 shares changing hands. The stock had previously closed at GBX 349 ($4.42).

Pacific Assets Stock Down 0.6 %

The firm has a market capitalization of £415.53 million, a PE ratio of 9.74 and a beta of 0.38. The business has a 50-day moving average price of GBX 362.48 and a 200-day moving average price of GBX 369.42.

Insiders Place Their Bets

In other news, insider June Ang bought 10,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was bought at an average cost of GBX 343 ($4.35) per share, for a total transaction of £34,300 ($43,461.73). Also, insider Nandita Sahgal bought 1,426 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were acquired at an average cost of GBX 369 ($4.68) per share, for a total transaction of £5,261.94 ($6,667.44). Insiders purchased 14,426 shares of company stock valued at $5,006,194 in the last three months. 2.72% of the stock is currently owned by insiders.

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.