Pacific Horizon Investment Trust (LON:PHI) Hits New 12-Month High – Still a Buy?

Pacific Horizon Investment Trust PLC (LON:PHI) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 999 and last traded at GBX 999, with a volume of 177650 shares changing hands. The stock had previously closed at GBX 983.

Pacific Horizon Investment Trust Trading Up 1.8%

The stock’s 50-day moving average is GBX 919.05 and its 200-day moving average is GBX 834.83. The stock has a market cap of £822.28 million, a P/E ratio of 3.47 and a beta of 1.25.

Pacific Horizon Investment Trust (LON:PHI) last announced its earnings results on Wednesday, March 11th. The company reported GBX (1.22) earnings per share (EPS) for the quarter. Pacific Horizon Investment Trust had a net margin of 97.19% and a return on equity of 34.20%.

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.