Pacific Horizon Investment Trust (LON:PHI) Reaches New 12-Month High – Still a Buy?

Pacific Horizon Investment Trust PLC (LON:PHIGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 956 and last traded at GBX 954.01, with a volume of 30543 shares changing hands. The stock had previously closed at GBX 955.

Pacific Horizon Investment Trust Stock Up 1.6%

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 firm has a market cap of £807.34 million, a price-to-earnings ratio of 19.96 and a beta of 0.75. The business’s 50 day moving average price is GBX 851.97 and its 200 day moving average price is GBX 775.56.

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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