Pacific Assets (LON:PAC) Hits New 12-Month Low – Here’s Why

Shares of Pacific Assets (LON:PAC) hit a new 52-week low on Thursday . The company traded as low as GBX 322 ($4.15) and last traded at GBX 322 ($4.15), with a volume of 141215 shares. The stock had previously closed at GBX 335 ($4.32).

Pacific Assets Price Performance

The stock 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 fifty day moving average price is GBX 342.54 and its 200-day moving average price is GBX 361.60.

Insider Buying and Selling

In related news, insider June Ang acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was acquired at an average price of GBX 343 ($4.42) per share, with a total value of £34,300 ($44,246.65). Also, insider Andrew Impey bought 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were bought at an average cost of GBX 350 ($4.51) per share, for a total transaction of £10,500 ($13,544.89). Insiders bought 14,426 shares of company stock worth $5,006,194 in the last 90 days. Insiders own 2.72% of the company’s stock.

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.