Pacific Assets (LON:PAC) Reaches New 52-Week High – Here’s What Happened

Shares of Pacific Assets (LON:PAC) 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 changing hands. The stock had previously closed at GBX 407.

Pacific Assets Price Performance

The stock has a market capitalization of £465.05 million, a price-to-earnings ratio of -110.00 and a beta of 0.66. The business has a fifty day moving average of GBX 382.19 and a 200 day moving average of GBX 376.69.

Pacific Assets (LON:PAC) last posted its earnings results on Friday, May 1st. The investment trust reported GBX 5.60 earnings per share (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 during the quarter.

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. 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.