Pacific Assets (LON:PAC) Reaches New 1-Year Low – What’s Next?

Pacific Assets (LON:PAC)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as GBX 340.22 ($4.29) and last traded at GBX 342 ($4.31), with a volume of 798388 shares traded. The stock had previously closed at GBX 349 ($4.40).

Pacific Assets Stock Performance

The company’s fifty day moving average is GBX 364.14 and its two-hundred day moving average is GBX 370. The company has a market cap of £411.92 million, a price-to-earnings ratio of 9.66 and a beta of 0.38.

Insider Transactions at Pacific Assets

In other news, insider Nandita Sahgal acquired 1,426 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were acquired at an average price of GBX 369 ($4.65) per share, with a total value of £5,261.94 ($6,638.00). Also, insider Andrew Impey acquired 3,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were purchased at an average cost of GBX 350 ($4.42) per share, for a total transaction of £10,500 ($13,245.87). Corporate insiders own 2.72% of the company’s stock.

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.