Pacific Horizon Investment Trust (LON:PHI) Shares Down 0.8% – Time to Sell?

Pacific Horizon Investment Trust PLC (LON:PHI) shares fell 0.8% during trading on Monday . The company traded as low as GBX 1,048 and last traded at GBX 1,056. 110,031 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 310,507 shares. The stock had previously closed at GBX 1,064.

Pacific Horizon Investment Trust Trading Down 0.8%

The business has a 50 day simple moving average of GBX 1,127.37 and a two-hundred day simple moving average of GBX 1,002.89. 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 stock has a market cap of £833.55 million, a price-to-earnings ratio of 3.66 and a beta of 1.27.

Pacific Horizon Investment Trust Company Profile

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.