Pacific Assets (LON:PAC) Hits New 12-Month Low – Time to Sell?

Pacific Assets (LON:PAC)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 322 ($4.18) and last traded at GBX 322 ($4.18), with a volume of 141215 shares changing hands. The stock had previously closed at GBX 335 ($4.35).

Pacific Assets Stock Performance

The business’s fifty day moving average is GBX 344.40 and its 200-day moving average is GBX 362.29. The firm has a market cap of £387.83 million, a P/E ratio of 9.09 and a beta of 0.38.

Insider Buying and Selling at Pacific Assets

In related news, insider Nandita Sahgal purchased 1,426 shares of Pacific Assets stock in a transaction on Monday, January 13th. The shares were purchased at an average price of GBX 369 ($4.79) per share, for a total transaction of £5,261.94 ($6,832.80). Also, insider Andrew Impey acquired 3,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were bought at an average price of GBX 350 ($4.54) per share, with a total value of £10,500 ($13,634.59). In the last ninety days, insiders acquired 14,426 shares of company stock worth $5,006,194. 2.72% of the stock is currently owned by company insiders.

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.