Pacific Horizon Investment Trust (LON:PHI) Hits New 1-Year High – Still a Buy?

Shares of Pacific Horizon Investment Trust PLC (LON:PHIGet Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 799 and last traded at GBX 798.80, with a volume of 100992 shares changing hands. The stock had previously closed at GBX 780.

Pacific Horizon Investment Trust Trading Up 2.4%

The company has a market capitalization of £662.70 million, a PE ratio of 16.38 and a beta of 0.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.86 and a current ratio of 3.43. The business has a fifty day moving average price of GBX 760.57 and a 200 day moving average price of GBX 705.87.

Pacific Horizon Investment Trust Company Profile

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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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