Pacific Horizon Investment Trust (LON:PHI) Stock Price Down 0.2% – Here’s What Happened

Pacific Horizon Investment Trust PLC (LON:PHI)’s share price fell 0.2% on Wednesday. The company traded as low as GBX 1,052 and last traded at GBX 1,066. Approximately 140,339 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 278,956 shares. The stock had previously closed at GBX 1,068.

Pacific Horizon Investment Trust Price Performance

The firm has a market cap of £772.93 million, a P/E ratio of 2.18 and a beta of 1.19. The business’s fifty day simple moving average is GBX 1,110.43 and its 200-day simple moving average is GBX 1,086.21. 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 released its quarterly earnings data on Wednesday, September 23rd. The company reported GBX 1.28 earnings per share (EPS) for the quarter. Pacific Horizon Investment Trust had a return on equity of 43.97% and a net margin of 97.56%.

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.