Pacific Horizon Investment Trust (LON:PHI) Shares Down 0.8% – Here’s Why

Pacific Horizon Investment Trust PLC (LON:PHI)’s share price fell 0.8% on Monday . The company traded as low as GBX 1,048 and last traded at GBX 1,056. Approximately 110,031 shares were traded during mid-day trading, a decline of 65% from the average session volume of 310,507 shares. The stock had previously closed at GBX 1,064.

Pacific Horizon Investment Trust Trading Down 2.1%

The company has a fifty day moving average of GBX 1,125.87 and a 200-day moving average of GBX 1,004.15. The company has a current ratio of 0.15, a quick ratio of 3.85 and a debt-to-equity ratio of 7.41. The company has a market capitalization of £783.27 million, a price-to-earnings ratio of 3.44 and a beta of 1.27.

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.