Pacific Horizon Investment Trust (LON:PHI) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Pacific Horizon Investment Trust PLC (LON:PHIGet Free Report) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 1,124.36 and traded as high as GBX 1,156. Pacific Horizon Investment Trust shares last traded at GBX 1,144, with a volume of 184,091 shares traded.

Pacific Horizon Investment Trust Stock Up 1.4%

The business’s 50-day simple moving average is GBX 1,124.36 and its 200 day simple moving average is GBX 966.09. The firm has a market capitalization of £916.18 million, a P/E ratio of 3.97 and a beta of 1.27.

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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