Pacific Horizon Investment Trust (LON:PHI) Reaches New 52-Week High – What’s Next?

Pacific Horizon Investment Trust PLC (LON:PHIGet Free Report) shares reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 871 and last traded at GBX 871, with a volume of 379807 shares traded. The stock had previously closed at GBX 864.

Pacific Horizon Investment Trust Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 3.43 and a quick ratio of 3.86. The firm has a market capitalization of £719.28 million, a price-to-earnings ratio of 17.78 and a beta of 0.75. The stock has a 50 day moving average price of GBX 782.13 and a two-hundred day moving average price of GBX 732.25.

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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