Pacific Horizon Investment Trust (LON:PHI) Reaches New 12-Month High – What’s Next?

Pacific Horizon Investment Trust PLC (LON:PHIGet Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as GBX 833.88 and last traded at GBX 827, with a volume of 82705 shares traded. The stock had previously closed at GBX 829.

Pacific Horizon Investment Trust Trading Down 0.5%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.86 and a current ratio of 3.43. The firm has a market capitalization of £682.51 million, a P/E ratio of 16.87 and a beta of 0.75. The firm has a 50 day moving average price of GBX 763.54 and a two-hundred day moving average price of GBX 712.74.

About Pacific Horizon Investment Trust

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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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