Pacific Assets (LON:PAC) Hits New 1-Year Low – Here’s What Happened

Pacific Assets (LON:PAC) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 332 ($4.30) and last traded at GBX 332 ($4.30), with a volume of 93314 shares trading hands. The stock had previously closed at GBX 336.92 ($4.36).

Pacific Assets Stock Down 0.3 %

The business has a 50-day moving average of GBX 354.64 and a 200-day moving average of GBX 366.08. The stock has a market cap of £401.08 million, a price-to-earnings ratio of 9.40 and a beta of 0.38.

Insider Activity

In related news, insider June Ang purchased 10,000 shares of Pacific Assets stock in a transaction on Wednesday, February 19th. The stock was bought at an average price of GBX 343 ($4.44) per share, with a total value of £34,300 ($44,407.04). 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 cost of GBX 350 ($4.53) per share, for a total transaction of £10,500 ($13,593.99). Insiders bought a total of 14,426 shares of company stock worth $5,006,194 in the last three months. 2.72% of the stock is owned by 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.