Pacific Horizon Investment Trust (LON:PHI) Reaches New 1-Year High – Should You Buy?

Pacific Horizon Investment Trust PLC (LON:PHIGet Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 956 and last traded at GBX 954.01, with a volume of 30543 shares. The stock had previously closed at GBX 955.

Pacific Horizon Investment Trust Stock Performance

The stock has a market capitalization of £787.31 million, a price-to-earnings ratio of 19.46 and a beta of 0.75. The company has a 50 day simple moving average of GBX 843.57 and a 200-day simple moving average of GBX 771.33. The company has a quick ratio of 3.86, a current ratio of 3.43 and a debt-to-equity ratio of 0.01.

About Pacific Horizon Investment Trust

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Pacific Horizon Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pacific Horizon Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.