Pacific Horizon Investment Trust PLC (LON:PHI – Get Free Report)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 1,108.81 and traded as high as GBX 1,122. Pacific Horizon Investment Trust shares last traded at GBX 1,116, with a volume of 160,167 shares changing hands.
Pacific Horizon Investment Trust Price Performance
The company has a quick ratio of 3.85, a current ratio of 0.15 and a debt-to-equity ratio of 7.41. The firm’s fifty day moving average price is GBX 1,108.81 and its two-hundred day moving average price is GBX 1,031.09. The stock has a market capitalization of £870.25 million, a PE ratio of 3.87 and a beta of 1.19.
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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