Pacific Horizon Investment Trust (LON:PHI) Trading Down 0.8% – Time to Sell?

Pacific Horizon Investment Trust PLC (LON:PHI) shares dropped 0.8% during mid-day trading on Monday . The stock traded as low as GBX 1,048 and last traded at GBX 1,056. 110,031 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 310,507 shares. The stock had previously closed at GBX 1,064.

Pacific Horizon Investment Trust Stock Down 0.8%

The stock has a market capitalization of £833.55 million, a P/E ratio of 3.66 and a beta of 1.27. 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 stock’s 50 day simple moving average is GBX 1,127.37 and its 200 day simple moving average is GBX 1,002.89.

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.