Pacific Horizon Investment Trust (LON:PHI) Reaches New 1-Year High – Here’s What Happened

Pacific Horizon Investment Trust PLC (LON:PHIGet Free Report)’s share price hit a new 52-week high on Wednesday . The company 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 Trading Up 2.1%

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 stock’s fifty day simple moving average is GBX 787.19 and its 200 day simple moving average is GBX 737.57. The firm has a market capitalization of £747.07 million, a PE ratio of 18.47 and a beta of 0.75.

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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