Pacific Horizon Investment Trust (LON:PHI) Reaches New 1-Year High – Should You Buy?

Shares of Pacific Horizon Investment Trust PLC (LON:PHI) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 956 and last traded at GBX 954.01, with a volume of 30543 shares changing hands. The stock had previously closed at GBX 955.

Pacific Horizon Investment Trust Trading Down 0.6%

The stock has a market cap of £787.31 million, a P/E ratio of 19.46 and a beta of 0.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.86 and a current ratio of 3.43. The firm’s fifty day simple moving average is GBX 843.57 and its 200-day simple moving average is GBX 771.33.

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.