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

Pacific Horizon Investment Trust PLC (LON:PHIGet Free Report) hit a new 52-week high on Thursday . The company traded as high as GBX 1,202 and last traded at GBX 1,201.94, with a volume of 103359 shares traded. The stock had previously closed at GBX 1,178.

Pacific Horizon Investment Trust Price Performance

The business’s 50-day moving average price is GBX 1,072.05 and its two-hundred day moving average price is GBX 932.21. The company has a market capitalization of £975.45 million, a P/E ratio of 4.22 and a beta of 1.26.

About Pacific Horizon Investment Trust

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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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