Pacific Horizon Investment Trust (LON:PHI) Hits New 52-Week High – Time to Buy?

Pacific Horizon Investment Trust PLC (LON:PHIGet Free Report)’s stock price hit a new 52-week high on Wednesday . The company traded as high as GBX 917 and last traded at GBX 910, with a volume of 111894 shares traded. The stock had previously closed at GBX 898.

Pacific Horizon Investment Trust Stock Up 1.1%

The company has a debt-to-equity ratio of 0.01, a current ratio of 3.43 and a quick ratio of 3.86. The firm has a market capitalization of £752.90 million, a P/E ratio of 18.61 and a beta of 0.75. The firm’s fifty day moving average price is GBX 817.11 and its 200-day moving average price is GBX 755.71.

Pacific Horizon Investment Trust Company Profile

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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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