Pacific Assets (LON:PAC) Sets New 12-Month Low – Here’s What Happened

Pacific Assets (LON:PAC) reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 332 ($4.29) and last traded at GBX 332 ($4.29), with a volume of 93314 shares. The stock had previously closed at GBX 336.92 ($4.36).

Pacific Assets Stock Performance

The firm’s fifty day simple moving average is GBX 356.16 and its 200 day simple moving average is GBX 366.70. The stock has a market capitalization of £399.87 million, a price-to-earnings ratio of 9.38 and a beta of 0.38.

Insider Transactions at Pacific Assets

In other news, insider Nandita Sahgal acquired 1,426 shares of Pacific Assets stock in a transaction dated Monday, January 13th. The stock was bought at an average cost of GBX 369 ($4.77) per share, with a total value of £5,261.94 ($6,801.89). Also, insider Andrew Impey bought 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average cost of GBX 350 ($4.52) per share, for a total transaction of £10,500 ($13,572.91). Insiders purchased 14,426 shares of company stock valued at $5,006,194 over the last quarter. 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.