Pacific Assets (LON:PAC) Hits New 52-Week Low – What’s Next?

Pacific Assets (LON:PAC) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 322 ($4.15) and last traded at GBX 322 ($4.15), with a volume of 141215 shares changing hands. The stock had previously closed at GBX 335 ($4.32).

Pacific Assets Stock Down 3.7 %

The firm has a market cap of £373.37 million, a price-to-earnings ratio of 8.76 and a beta of 0.38. The company’s 50-day moving average price is GBX 342.54 and its 200-day moving average price is GBX 361.60.

Insider Activity

In other Pacific Assets news, insider Andrew Impey bought 3,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were acquired at an average cost of GBX 350 ($4.51) per share, with a total value of £10,500 ($13,544.89). Also, insider Nandita Sahgal purchased 1,426 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was bought at an average price of GBX 369 ($4.76) per share, with a total value of £5,261.94 ($6,787.85). Insiders have bought a total of 14,426 shares of company stock worth $5,006,194 over the last quarter. 2.72% of the stock is currently owned by corporate 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.