Pacific Horizon Investment Trust (LON:PHI) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

Pacific Horizon Investment Trust PLC (LON:PHIGet Free Report)’s share price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 1,110.47 and traded as low as GBX 1,076. Pacific Horizon Investment Trust shares last traded at GBX 1,084, with a volume of 103,844 shares.

Pacific Horizon Investment Trust Trading Up 1.4%

The company has a current ratio of 0.15, a quick ratio of 3.85 and a debt-to-equity ratio of 7.41. The business’s 50-day moving average is GBX 1,107.80 and its two-hundred day moving average is GBX 1,022.97. The firm has a market cap of £873.36 million, a P/E ratio of 3.88 and a beta of 1.19.

Pacific Horizon Investment Trust Company Profile

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The Trust aims to achieve capital growth through investment in the Asia Pacific region (excluding Japan) and the Indian Sub-continent. The portfolio contains companies which have been identified as offering the potential for long-term capital appreciation, irrespective of whether they comprise part of any index. Country and sector weightings are a consequence of the index agnostic approach to stock selection. In constructing the equity portfolio a spread of risk is achieved by diversification and the portfolio will typically consist of between 40–120 companies.

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