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

Pacific Horizon Investment Trust PLC (LON:PHI)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 1,160 and last traded at GBX 1,155.68, with a volume of 39844 shares changing hands. The stock had previously closed at GBX 1,142.

Pacific Horizon Investment Trust Stock Performance

The firm has a market cap of £938.19 million, a P/E ratio of 4.01 and a beta of 0.82. The firm’s fifty day moving average price is GBX 991 and its 200 day moving average price is GBX 888.22.

Pacific Horizon Investment Trust (LON:PHI) last posted its quarterly earnings results on Wednesday, March 11th. The company reported GBX (1.22) EPS for the quarter. Pacific Horizon Investment Trust had a net margin of 97.19% and a return on equity of 34.20%.

Pacific Horizon Investment Trust Company Profile

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.