Pacific Horizon Investment Trust (LON:PHI) Reaches New 12-Month High – Here’s Why

Shares of Pacific Horizon Investment Trust PLC (LON:PHI) reached a new 52-week high on Wednesday . The stock traded as high as GBX 882 and last traded at GBX 882, with a volume of 109740 shares changing hands. The stock had previously closed at GBX 867.

Pacific Horizon Investment Trust Stock Up 0.4%

The company has a quick ratio of 3.86, a current ratio of 3.43 and a debt-to-equity ratio of 0.01. The business has a 50-day simple moving average of GBX 793.27 and a two-hundred day simple moving average of GBX 739.81. The stock has a market capitalization of £748.88 million, a P/E ratio of 18.51 and a beta of 0.75.

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.