Pacific Horizon Investment Trust (LON:PHI) Sets New 1-Year High – Here’s Why

Shares of Pacific Horizon Investment Trust PLC (LON:PHI) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 1,136 and last traded at GBX 1,126, with a volume of 200915 shares. The stock had previously closed at GBX 1,118.

Pacific Horizon Investment Trust Trading Down 1.7%

The company has a market capitalization of £896.32 million, a price-to-earnings ratio of 3.84 and a beta of 1.25. The company has a fifty day moving average of GBX 948.62 and a 200-day moving average of GBX 861.96.

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

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.