Pacific Horizon Investment Trust (LON:PHI) Hits New 12-Month High – Here’s Why

Pacific Horizon Investment Trust PLC (LON:PHIGet Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as GBX 917 and last traded at GBX 910, with a volume of 111894 shares. The stock had previously closed at GBX 898.

Pacific Horizon Investment Trust Trading Down 0.8%

The business’s 50 day moving average price is GBX 823.40 and its 200-day moving average price is GBX 757.84. The company has a market cap of £748.32 million, a price-to-earnings ratio of 18.50 and a beta of 0.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.86 and a current ratio of 3.43.

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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