Pacific Horizon Investment Trust (LON:PHI) Sets New 52-Week High – Should You Buy?

Pacific Horizon Investment Trust PLC (LON:PHI)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 871 and last traded at GBX 871, with a volume of 379807 shares. The stock had previously closed at GBX 864.

Pacific Horizon Investment Trust Stock Performance

The firm’s fifty day simple moving average is GBX 778.19 and its 200 day simple moving average is GBX 729.53. The company has a market capitalization of £720.77 million, a PE ratio of 17.82 and a beta of 0.75. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.43 and a quick ratio of 3.86.

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.