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

Shares of Pacific Horizon Investment Trust PLC (LON:PHIGet Free Report) reached a new 52-week high on Thursday . The company traded as high as GBX 833.88 and last traded at GBX 827, with a volume of 82705 shares. The stock had previously closed at GBX 829.

Pacific Horizon Investment Trust Price Performance

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 stock’s 50 day simple moving average is GBX 765.07 and its two-hundred day simple moving average is GBX 715.09. The stock has a market cap of £686.93 million, a price-to-earnings ratio of 16.98 and a beta of 0.75.

About Pacific Horizon Investment Trust

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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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