Pacific Horizon Investment Trust (LON:PHI) Hits New 52-Week High – Time to Buy?

Pacific Horizon Investment Trust PLC (LON:PHI) shares hit a new 52-week high on Wednesday . The stock traded as high as GBX 848 and last traded at GBX 848, with a volume of 211265 shares. The stock had previously closed at GBX 836.

Pacific Horizon Investment Trust Stock Down 0.5%

The stock has a market capitalization of £700.20 million, a price-to-earnings ratio of 17.31 and a beta of 0.75. The firm has a 50-day moving average of GBX 767.27 and a 200 day moving average of GBX 719.94. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.43 and a quick ratio of 3.86.

About Pacific Horizon Investment Trust

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.