Pacific Horizon Investment Trust (LON:PHI) Shares Up 0.9% – Still a Buy?

Pacific Horizon Investment Trust PLC (LON:PHI)’s share price shot up 0.9% during trading on Wednesday. The company traded as high as GBX 982 and last traded at GBX 970. Approximately 92,796 shares were traded during trading, a decline of 68% from the average session volume of 288,374 shares. The stock had previously closed at GBX 961.

Pacific Horizon Investment Trust Trading Down 0.4%

The firm has a fifty day moving average of GBX 1,070.49 and a two-hundred day moving average of GBX 1,035.77. The company has a market cap of £699.78 million, a PE ratio of 1.99 and a beta of 1.18. The company has a current ratio of 0.10, a quick ratio of 3.85 and a debt-to-equity ratio of 4.03.

Pacific Horizon Investment Trust (LON:PHI) last announced its quarterly earnings results on Wednesday, September 23rd. The company reported GBX 1.28 EPS for the quarter. Pacific Horizon Investment Trust had a net margin of 97.56% and a return on equity of 43.97%.

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.