Shares of Pacific Horizon Investment Trust PLC (LON:PHI – Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 1,202 and last traded at GBX 1,201.94, with a volume of 103359 shares trading hands. The stock had previously closed at GBX 1,178.
Pacific Horizon Investment Trust Trading Up 3.4%
The firm’s 50 day simple moving average is GBX 1,072.05 and its 200-day simple moving average is GBX 932.21. The stock has a market capitalization of £975.45 million, a price-to-earnings ratio of 4.22 and a beta of 1.26.
About Pacific Horizon Investment Trust
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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