Pacific Horizon Investment Trust (LON:PHI) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

Pacific Horizon Investment Trust PLC (LON:PHI)’s share price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 1,110.47 and traded as low as GBX 1,076. Pacific Horizon Investment Trust shares last traded at GBX 1,084, with a volume of 103,844 shares traded.

Pacific Horizon Investment Trust Stock Up 0.9%

The company has a current ratio of 0.15, a quick ratio of 3.85 and a debt-to-equity ratio of 7.41. The firm has a market capitalization of £852.85 million, a price-to-earnings ratio of 3.79 and a beta of 1.27. The firm has a 50 day moving average price of GBX 1,110.47 and a two-hundred day moving average price of GBX 1,019.49.

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.